Closing the green finance gap – A systems perspective
By Sarah Hafner, Aled Jones, A. Anger-Kraavi, J. Pohl. 2020
267 citations recorded by the source corpus.
Abstract Meeting its climate policy objectives requires the UK to rapidly decarbonise its energy sector. This demands high levels of investments into low carbon energy infrastructure, which are currently not undertaken at required scale, leading to a green finance gap. We explore (1) key investment barriers, (2) a theoretical framework for investigation and (3) possible solutions, drawing on a review of academic literature and policy reports, and interviews conducted with financial investors and experts. Our study confirms that policy uncertainty and short-termism in the financial system are the two main investment barriers. Our results show that identified barriers form a complex system characterised by path-dependency, lock-in and non-linearity. We recommend the adoption of systems theory as an analytical framework to inform the related policy debate and propose the expansion or development of sustainable investment vehicles as a useful near-term solution while preparing a long-term policy intervention based on a systems perspective.
Subfields: Economics and Econometrics, Global and Planetary Change, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/8588d8c757292ac45cc96fae05c8ec28ab7049e2
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
In Global and Planetary Change
In Renewable Energy, Sustainability and the Environment
Citations in the corpus
- The Measurement of Green Finance Development Index and Its Poverty Reduction Effect: Dynamic Panel Analysis Based on Improved Entropy Method (2020, background): “(2020) [10] replaced green finance with carbon finance.”