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Green Innovation and Finance in Asia

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  • Clarence Tolliver
  • Hidemichi Fujii
  • Alexander Ryota Keeley
  • Shunsuke Managi

Abstract

Green innovation and green finance are two key components of sustainable development. In the most populous, fastest‐growing region in the world, Asian countries are pressed to maintain economic growth while addressing climate change and environmental externalities. Japan, South Korea, and China have each implemented policies to promote green innovation and finance conducive to such ends. While each country possesses unique capabilities, the extent to which they can promote environmentally adjusted multifactor productivity growth, green patent registrations, green bond issuances, green foreign direct investment, and environmental, social, and governance information disclosures stands to impact on their shifts to sustainable growth paradigms.

Suggested Citation

  • Clarence Tolliver & Hidemichi Fujii & Alexander Ryota Keeley & Shunsuke Managi, 2021. "Green Innovation and Finance in Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(1), pages 67-87, January.
    • Handle: RePEc:bla:asiapr:v:16:y:2021:i:1:p:67-87
    DOI: 10.1111/aepr.12320
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