Artikel

Sustainable Finance: The European Union’s Approach to Increasing Sustainable Investments and Growth – Opportunities and Challenges

The article provides an overview of the most important current EU initiatives contributing to sustainable finance. After an introduction on how the concept of sustainability entered the domain of European policy, the definition of sustainable finance from the EU perspective is discussed, as well as its relationship to the concept of green finance. After outlining the need for sustainable finance to achieve EU and international policy goals, the article provides a discussion of sustainable finance from a theoretical perspective, taking into account already existing perspectives from literature. A brief overview is given of what the EU could theoretically do to foster sustainable finance. The article then proceeds with an overview of the most important existing EU initiatives to foster sustainable finance: the Action Plan on financing sustainable growth adopted in March 2018, the EU Emissions Trading System and EU financial support contributing to sustainable finance. Finally, the article provides a discussion of the challenges and political implications of current sustainable finance policies for the EU, followed by conclusions.

Sprache
Englisch

Erschienen in
Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 88 ; Year: 2019 ; Issue: 2 ; Pages: 11-27 ; Berlin: Duncker & Humblot

Klassifikation
Wirtschaft
Public Economics: General
Financial Economics: General
Thema
European Union
green finance
sustainable finance
taxonomy
financial support
sustainable growth
action plan
Emissions Trading System
ETS
financing
climate
energy
framework
challenges
InvestEU
European Fund for Strategic Investments
EFSI
Juncker Plan
financial instruments
budgetary guarantees
investment
classification
labels
risk
greenhouse gases
auction
social
EU Climate and Energy framework
Action Plan on financing sustainable growth
EU taxonomy
Modernisation Fund

Ereignis
Geistige Schöpfung
(wer)
Claringbould, Duco
Koch, Martin
Owen, Philip
Ereignis
Veröffentlichung
(wer)
Duncker & Humblot
(wo)
Berlin
(wann)
2019

DOI
doi:10.3790/vjh.88.2.11
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Claringbould, Duco
  • Koch, Martin
  • Owen, Philip
  • Duncker & Humblot

Entstanden

  • 2019

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