The COVID-19 pandemic undeniably wreaked havoc on global trade, profoundly affecting people’s lives and having a significant impact on economic growth worldwide. Many people regard COVID-19 as ‘the fury of nature.’ However, even during the context, and now aftermath, of the pandemic there are still ongoing critical problems facing the world that have not cooled down — one of which is climate change. The recent unusual and extreme weather conditions have thrust climate change into the media limelight and to the forefront of the public agenda. Nowadays, climate change receives special attention from many organizations, countries and governments worldwide because of its profound influence on the global economy and people’s lives. Natural disasters and prolonged drought can destroy infrastructure; threaten crops, food production, as well as human life; and lead to mass migration. The effects of climate change are evident everywhere globally and appear to be more severe than ever before.
Handbook of Environmental and Green Finance contains conceptual, empirical, and policy papers that provide an insightful and timely read for researchers, investors, and policymakers interested in sustainable finance, development finance, and alternative finance to combat climate change. Throughout this book, readers are offered a global analysis of the current state of the sustainable finance sector and provided with potential solutions to address obstacles in this field.
Contents:
- Green and Impact Bonds:
- Green Bonds: A Tool Against Climate Change (Han Wang and Elaine Laing)
- Corporate Green Bonds and the Cost of Capital (Wenling Li and John V Duca)
- Green Bond Market Linkages: An Empirical Study (Bart Reumkens and Lisa Sheenan)
- Funding Climate Justice: Taxation Transfers and Green Bonds (Julia Margarete Puaschunder)
- Environmental Impact Bonds: An Innovative Public–Private Approach to Tackle Climate Challenges (Maya Tira, Benjamin Le Pendeven, and Céline Louche)
- Green Banking and Financing:
- Green Mortgages and Green Mortgage-Backed Securities (K Thomas Liaw)
- Why and How to Build a World Climate Bank? (Silvio Andrae)
- Equity Capital as a Driver of Sustainable Transition (Jonathan Taglialatela, Roberto Barontini, and Francesco Testa)
- Can Central Banks Go Green? The Interaction Between Monetary Policy and Climate Change (Xuan-Hoa Nghiem, Hai Hong Trinh, and Ikram Ullah Khan)
- Green Finance in Europe:
- Impact Investments Through the Expansion of Renewable Energies — Macro Simulation Analyses and Overview of Green Finance Landscape for Austria (Sebastian Goers, Friedrich Schneider, Mario Reisinger, and Robert Tichler)
- ESG Performance and Board of Directors Compensation: A European Perspective (Alfred Wong and Alain Neher)
- Regulating Sustainable Finance and the Green Transition in the EU (Vasja Rant)
- Development of Sustainable Finance in the European Union: The Role of Public Policy (Anastasiya Luzgina)
Readership: Academic libraries, students (undergraduate, graduate, and post-graduate), and practitioners and policymakers (financial analysts, financial institutions, rating agencies, lawyers, regulators, international organizations, etc.).
Key Features:
- It is the first handbook on environmental and green finance in the post-Covid era
- This is among the very first few handbooks on environmental and green finance which has been an emerging topic under heated debate and scrutiny everywhere
- It offers a careful look at the severity of climate change’s effects worldwide
- It gives perspectives on potential solutions and measures for regional and global coordination