Fostering Green Finance for Sustainable Development in Asia

30 Pages Posted: 2 Jul 2018

See all articles by Ulrich Volz

Ulrich Volz

University of London - School of Oriental and African Studies (SOAS) - Economics; Deutsches Institut für Entwicklungspolitik (DIE) - German Development Institute (DIE)

Date Written: March 2, 2018

Abstract

Placing the Asian economies onto a sustainable development pathway requires an unprecedented shift in investment away from greenhouse gas, fossil fuel, and natural resource intensive industries towards more resource efficient technologies and business models. The financial sector will have to play a central role in this ‘green transformation’. This study discusses the need for greening the financial system and the role of financial governance. It reviews the state of green lending and investment in Asia and provides an overview of green financial governance initiatives across Asia. It also identifies market innovations to increase green finance in Asia, barriers to green investments, and financial policy and highlights priority areas for policy makers.

Keywords: Green Finance, Sustainable Investment, Green Transformation, Asia

JEL Classification: G1, G2, G3, Q01, Q5

Suggested Citation

Volz, Ulrich, Fostering Green Finance for Sustainable Development in Asia (March 2, 2018). ADBI Working Paper 814, March 2018. Available at SSRN: https://ssrn.com/abstract=3198680 or http://dx.doi.org/10.2139/ssrn.3198680

Ulrich Volz (Contact Author)

University of London - School of Oriental and African Studies (SOAS) - Economics

London, WC1E 7HU
United Kingdom

Deutsches Institut für Entwicklungspolitik (DIE) - German Development Institute (DIE) ( email )

Tulpenfeld 4
Bonn, 53113
Germany

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