IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-031-65756-6_1.html
   My bibliography  Save this book chapter

Green Finance: Theoretical Foundation

In: The Palgrave Handbook of Green Finance for Sustainable Development

Author

Listed:
  • Shikuan Zhao

    (Chongqing University)

  • Kashif ur Rehman

    (Barani Institute of Knowledge Administration and Technology)

Abstract

Resource and environmental issues have become significant impediments to global economic development and human well-being. Green finance represents a novel approach in environmental management and marks a significant innovation and transformation in the financial sector. This manuscript delves deeply into the theoretical foundations of green finance, tracing its origins and development over decades. The concept of green finance can be traced back to Marx’s Das Kapital. In recent years, green finance has evolved under the influence of theories such as classical environmental economics, sustainable development theory, behavioral finance, and climate finance. These theories explore how financial mechanisms can support environmental protection and sustainable development, emphasizing the internalization of environmental costs, the integration of ecological, social, and economic growth, and the alignment of financial practices with climate change objectives. As green finance continues to mature, future research should focus on refining these theories to address practical implementation challenges and enhance their integration, providing more comprehensive solutions for green finance and sustainable development.

Suggested Citation

  • Shikuan Zhao & Kashif ur Rehman, 2024. "Green Finance: Theoretical Foundation," Palgrave Studies in Impact Finance, in: Ahmed Imran Hunjra & John W. Goodell (ed.), The Palgrave Handbook of Green Finance for Sustainable Development, chapter 0, pages 3-17, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-031-65756-6_1
    DOI: 10.1007/978-3-031-65756-6_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psifcp:978-3-031-65756-6_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.