The Resource Climate finance and its governance : moving to a low carbon economy through socially responsible financing?

Climate finance and its governance : moving to a low carbon economy through socially responsible financing?

Label
Climate finance and its governance : moving to a low carbon economy through socially responsible financing?
Title
Climate finance and its governance : moving to a low carbon economy through socially responsible financing?
Creator
Subject
Language
eng
Summary
The article explores the contribution of socially responsible investment (SRI) to climate finance and the transition to a low carbon economy. Taking a comparative and international perspective of the subject, it examines in particular the relationship between SRI and the mechanisms for governance of climate finance. The article argues that international financial markets are presently unlikely to be the vanguard of change to a low carbon world. This is for primarily two reasons. First, the shift to a business case approach to SRI has blunted its pretences to be a vehicle for radical reform. Secondly. although SRI arose to provide a form of surrogate market regulation, compensating for the lacunae and weaknesses of official regulation, its dependence on the state to create legal standards conducive to responsible conduct in the area of climate finance is increasingly evident
Citation source
In: The international and comparative law quarterly. - London. - Vol. 58, Part 3 (July 2009); p. 597-626
http://library.link/vocab/creatorName
Richardson, B.J
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • environmental incentive
  • financing
  • investment
Label
Climate finance and its governance : moving to a low carbon economy through socially responsible financing?
Instantiates
Publication
Label
Climate finance and its governance : moving to a low carbon economy through socially responsible financing?
Publication

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