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Greening the Financial Sector
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Given the manifold deficits of financial sectors in developing and transition countries, one might be tempted to believe that embarking on "green" finance is not a priority for financial systems development. However, environmental finance can and should serve as an interface to other sub-sectors of financial sector promotion such as microfinance, housing finance or agricultural finance. For example, existing clients of financial institutions include small and medium-sized enterprises and households, and these are often suffering from high energy prices or have no access to sustainable energy supply. At the same time, these clients are vulnerable to extreme weather events, and often hit hardest by the impact of climate change. There are many other examples which show that the financial sector has an enormous potential to support "green" investments. §This book provides a blend of well-founded professional and scientific perspectives on the potential of Energy Efficiency and Renewable Energy (EERE) finance in developing and transition countries.
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