Handbook of Green Finance, 1st ed. 2019 Energy Security and Sustainable Development Sustainable Development Series

Langue : Anglais

Couverture de l’ouvrage Handbook of Green Finance

Résumé
Sommaire
Biographie
Commentaire

This handbook deals with various financial instruments, policies, and strategies in a policy-oriented approach for financing green energy projects. Recently, global investment in renewables and energy efficiency has declined, and there is a risk that it will slow further, Clearly, fossil fuels still dominate energy investments. This trend could threaten the expansion of green energy needed to meet energy security, climate, and clean-air goals. Several developed and developing economies are still following pro-coal energy policies. The extra CO2 generated from new coal-fired power plants could more than eliminate any reductions in emissions made by other nations.

Finance is the engine of development of infrastructural projects, including energy projects. By providing several thematic and country chapters, this handbook explains that if we plan to achieve sustainable development goals, we need to create opportunities for new green projects and scale up the financing of investments that furnish environmental benefits. New financial instruments and policies such as green bonds, green banks, carbon market instruments, fiscal policy, green central banking, fintech, and community-based green funds are among the chief components that make up green finance.

Naoyuki Yoshino is Dean, Asian Development Bank Institute and Professor Emeritus, Keio University. Jeffery Sachs is Director, Center for Sustainable Development at Columbia University. Wing Thye Woo is Professor of Economics, U.C. Davis. Farhad Taghizadeh-Hesary is Assistant Professor, Waseda University.

Introduction (All authors, Yoshino to lead).- Financing the SDGs.- Development and climate finance.- Structure and goal of the book.- Local economic development of Asian countries (Former Director General, Environmental Agency, Kyoto University).- Trends and current states of green finance.- Issues and barriers in furthering private investment into green energy.- Overview of financing needs in Asia.- New development agenda and roles of development cooperation (Professor Jeffrey Sachs).- The 2030 Agenda and the SDGs.- Macroeconomic and finance challenges for climate change .- Potential roles of development cooperation ^Yoshino).- The background of HIT concept.- Financing for environmental improvements by HIT.- Generalizing HIT: Designing effective development and climate finance for local communities (Dr. Kim).- Innovative finance for local economic development.- Development finance make “risky” business proposal profitable: ‘Hometown investment trust fund’ with climate finance.- Implementing the new finance approach.- Climate Financing of Green Technologies in the European Union (M. Helble).- 8, Pension funds and Insurance for Green finance.- 9, Public Private Partnership for Green finance (ADB).- 10, Viability Gap Funding for Green Finance.- Conclusion.

Jeffrey Sachs serves as Director of the Center for Sustainable Development at Columbia University. He is University Professor at Columbia University, the university’s highest academic rank. During 2002 to 2016 he served as the Director of the Earth Institute. Sachs is Special Advisor to United Nations Secretary-General António Guterres on the Sustainable Development Goals, and previously advised UN Secretary-General Ban Ki-moon on both the Sustainable Development Goals and Millennium Development Goals and UN Secretary-General Kofi Annan on the Millennium Development Goals. Sachs is currently Director of the UN Sustainable Development Solutions Network under the auspices of UN Secretary-General António Guterres, and a Commissioner of the ITU/UNESCO Broadband Commission for Development. He is Chair and Founder of SDG USA, a non-governmental initiative to promote the Sustainable Development Goal concepts in the United States. Sachs is also co-founder and ChiefStrategist of Millennium Promise Alliance, and was director of the Millennium Villages Project (2005-2015).

Wing Thye Woo is Professor of Economics at University of California in Davis, and Director of Jeffrey Sachs Center on Sustainable Development at Sunway University in Kuala Lumpur. He also holds academic appointments at Fudan University in Shanghai, Columbia University in New York City, Penang Institute in George Town, and Chinese Academy of Social Sciences in Beijing. He is an expert on the East Asian economies, particularly, China, Indonesia and Malaysia. His current research focuses on designing efficient, equitable pathways to achieving the Sustainable Development Goals with projects on Green Finance, Middle Income Trap, and Global Economic Architecture for the Multi-Polar World. He has been convener of the Asian Economic Panel (AEP) since 2001, a forum of specialists on Asian economies which meets tri-annually to discuss important Asian economic issuesand

First handbook to explain ways to finance green projects for implementing SDGs in the context of the 2030 Agenda for Sustainable Introduces various financial instruments, policies, strategies for financing green projects Provides several thematic and country chapters on the best practices of green finance Includes supplementary material: sn.pub/extras