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2016 | 5 | nr 1 | 185--194
Tytuł artykułu

Sustainability Transition Needs Sustainable Finance

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Transition is a term used to describe conversion (evolution) from the existing model of economy and finance towards one based on increased social and environmental responsibility. The purpose of this study is to emphasise the role of sustainable finance in the sustainability transition process. The main thesis can be expressed as follows: the role of finance is changing from the dominant view rooted in neoclassical economic theory (to maximize profits, and shareholder wealth) towards one supporting sustainable development, green economy, low carbon economy also adaptation and mitigation of climate change. The article uses the multilevel perspective created by F.W. Geels effective in the analysis of the sustainability transition. Results of analysis: There is evidence that the old regime of finance destabilizes. Finances are slowly responding to new demand in sustainable economy to align with it. (original abstract)
Rocznik
Tom
5
Numer
Strony
185--194
Opis fizyczny
Twórcy
  • Wrocław University of Economics, Poland
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171437728

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