How Does the Development of the Financial Industry Advance Renewable Energy?: A panel regression study of 198 countries over three decades investigates how the development of the financial industry connects with renewable energy. The authors analyze 198 countries over three decades in various model settings (fixed effects, random effects, dynamic panel). They use a wide range of proxies for the development of the financial industry and establish that in general this development has a positive impact on renewable energy capacity. Especially, the relative size of the commercial banking industry as well as of private credit and the size of the financial industry play a crucial role in advancing renewable energy investments.
This paper was presented at the UNEP Inquiry/Centre for International Governance Innovation Academic Symposium on the Design of a Sustainable Financial System, held in Waterloo (Canada) in December 2014.
Finance Norway has developed a Roadmap for Green Competitiveness in the Financial Sector, pointing the way to a profitable and sustainable financial sector in Norway by 2030.
The Inquiry's Annual Overview 2017 provides a summary of our work on aligning the financial system with sustainable development during 2017, divided in four themes: Country engagement; International collaboration; Cross-cutting themes: Green Invest and Green Digital Finance Alliance; Selected events
The Collaborative Initiative for Green Finance in Singapore report aims to mainstream and socialise the idea and opportunities associated with Green Finance
The Green Finance Opportunities in ASEAN report lays out ways in which the ASEAN region can unlock this investment and protect its people, environment and economies.