Understanding Green Finance

Edited by Johannes Jäger, Professor of Economics and Head of Department, University of Applied Sciences BFI Vienna, Austria and Ewa Dziwok, Professor of Finance, Head of Department of Applied Mathematics, University of Economics in Katowice, Poland

Contents:

PART I INTRODUCTION AND THEORETICAL ASPECTS
1 A critical overview of green finance 2
Ewa Dziwok and Johannes Jäger
2 The defence of nature: resisting the financialisaton of the earth 18
John Bellamy Foster
3 Money and a green economy: financialised solutions to
the environmental problems 33
Ismail Ertürk
4 Limitations of conventional private green finance industry
and strategies 46
Christophe Revelli and Christian Walter
5 Ecological money and finance: insight from
post-Keynesian economics 58
Thomas Lagoarde-Segot

PART II CURRENT APPROACHES TO GREEN
FINANCE AND GREEN MONETARY POLICY
6 Current policy initiatives on green finance in the EU: the
green taxonomy in the global context 73
Max Knapp, Julia Litofcenko, Silva Maringele, Christoph
Rogers, Andreas Streinzer, Lina Schmid and Mario Taschwer
7 Challenges of green finance in Latin America 88
Leonardo E. Stanley
8 Green central banking policy between risk-based and
reformist objectives 102
Elena Almeida, Simon Dikau and Hugh Miller
9 Multilateral development banks, corporations and banks:
public and private actors between brown and green strategies 119
Olaf Weber and Asher Imam
10 A neoliberal agenda: decentralized financial innovation to
enhance sustainable finance 135
Elisabeth Springler

PART III CRITICAL AND ALTERNATIVE
PERSPECTIVES ON THE FUTURE OF GREEN FINANCE
11 Finance, the green transition and climate justice in the
Global South 148
Luiz Garcia
12 Financing a just transition to a carbon-free world:
a developmental perspective 160
Richard Kozul-Wright, Katie Gallogly-Swan and Maria Ahmed
13 Prospects and roadblocks to a “sustainable” international
monetary and financial system 183
Jeffrey Althouse and Romain Svartzman
14 Climate-financing carrots and sticks in South Africa:
profound flaws in “Just Energy Transition Partnership“
and “Carbon Border Adjustment Mechanism” pilot projects 200
Patrick Bond
15 Neoliberal, reformist and transformative-progressive
green finance and possible futures 215
Ewa Dziwok and Johannes Jäger

Index