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Developments on Sustainable Finance: A Growth Opportunity for Global Economy

Developments on Sustainable Finance: A Growth Opportunity for Global Economy

Seda Süer
Copyright: © 2020 |Pages: 20
ISBN13: 9781799811961|ISBN10: 1799811964|ISBN13 Softcover: 9781799811978|EISBN13: 9781799811985
DOI: 10.4018/978-1-7998-1196-1.ch015
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MLA

Süer, Seda. "Developments on Sustainable Finance: A Growth Opportunity for Global Economy." Handbook of Research on Creating Sustainable Value in the Global Economy, edited by Ulas Akkucuk, IGI Global, 2020, pp. 258-277. https://doi.org/10.4018/978-1-7998-1196-1.ch015

APA

Süer, S. (2020). Developments on Sustainable Finance: A Growth Opportunity for Global Economy. In U. Akkucuk (Ed.), Handbook of Research on Creating Sustainable Value in the Global Economy (pp. 258-277). IGI Global. https://doi.org/10.4018/978-1-7998-1196-1.ch015

Chicago

Süer, Seda. "Developments on Sustainable Finance: A Growth Opportunity for Global Economy." In Handbook of Research on Creating Sustainable Value in the Global Economy, edited by Ulas Akkucuk, 258-277. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-1196-1.ch015

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Abstract

Worldwide, the growing impetus towards sustainable finance is aroused by the maturation and the destructive effects of carbon markets in the form of severe weather, floods, and forest fires. It is widely acknowledged that supporting the transition to a low-carbon, green, and sustainable economy needs forefront of efforts to build a financial system. Given the provisions of sustainable finance, the policies that regulate the transition to green economy includes environmental social and corporate governance criteria. Sustainable finance is a type of financing that takes into account environmental, social, and corporate governance issues in providing finance to investors. Therefore, this chapter aims to highlight the importance of sustainable finance providing a growth opportunity to the global economy. Thus, the developments on sustainable finance constitute a strong potential that supports economic growth globally.

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