Book contents
- Making the Financial System Sustainable
- Making the Financial System Sustainable
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Foreword
- Preface
- Introduction
- 1 Capitalism Meets Multilateralism
- 2 Public Meets Private
- 3 Central Banking and Climate Change
- 4 Sustainable Finance and Prudential Regulation of Financial Institutions
- 5 Transparency and Accountability Standards for Sustainable and Responsible Investments
- 6 Environmental Risk Analysis by Financial Institutions
- 7 Sustainable Governance and Leadership
- 8 ESG Risks and Opportunities
- 9 Active and Responsible
- 10 Passive-Aggressive or Just Engaged
- 11 Financing a Just Transition
- 12 Sustainable Finance for Citizens
- 13 Individual Impact Investors
- 14 Strengthening Green Finance by Better Integrating the Social Dimensions in the European Union’s Sustainable Finance Laws
- Index
- References
1 - Capitalism Meets Multilateralism
Published online by Cambridge University Press: 30 October 2020
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Book contents
- Making the Financial System Sustainable
- Making the Financial System Sustainable
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Foreword
- Preface
- Introduction
- 1 Capitalism Meets Multilateralism
- 2 Public Meets Private
- 3 Central Banking and Climate Change
- 4 Sustainable Finance and Prudential Regulation of Financial Institutions
- 5 Transparency and Accountability Standards for Sustainable and Responsible Investments
- 6 Environmental Risk Analysis by Financial Institutions
- 7 Sustainable Governance and Leadership
- 8 ESG Risks and Opportunities
- 9 Active and Responsible
- 10 Passive-Aggressive or Just Engaged
- 11 Financing a Just Transition
- 12 Sustainable Finance for Citizens
- 13 Individual Impact Investors
- 14 Strengthening Green Finance by Better Integrating the Social Dimensions in the European Union’s Sustainable Finance Laws
- Index
- References
Summary
In this chapter, we examine the reasons behind capital markets’ contribution to an unsustainable future, considering the distinction between market inefficiencies and market failures, and suggest five steps for policymakers and regulators to consider: (i) Establish and strengthen international and national frameworks for sustainable finance, (ii) Ensure a greater share of all public sector financial flows are sustainable, (iii) Shift private sector financial flows by adjusting pricing and other incentives, (iv) Improve market information to make the sustainability risks and rewards of financial assets clearer and (v) Educate people about the connection between their personal finances and sustainability.
Keywords
- Type
- Chapter
- Information
- Making the Financial System Sustainable , pp. 13 - 25Publisher: Cambridge University PressPrint publication year: 2020
References
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