Germany: The ‘Greenhorn’ in the Green Finance Revolution

Schäfer, Henry

doi:10.1080/00139157.2018.1397472

Cited by 14 publications

(7 citation statements)

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“…Recently, numerous studies have been conducted worldwide on green finance [6,10,[15][16][17][18]. These studies mostly focused on the recent trends, problems and opportunities for the development of green finance to achieve sustainable development goals (SDGs).…”

Section: Introductionmentioning

confidence: 99%

Green Finance Development in Bangladesh: The Role of Private Commercial Banks (PCBs)

et al. 2021

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Green finance (GF) has been gaining significant attention in recent literature, owing to the rise in global actions against the climate change. It is conceptually ambiguous, with no conclusive agreement among researchers on its meaning. Therefore, the main purpose of the study is to identify the bankers’ perception of various dimensions of GF, and identify the major challenges affecting its implementation in Bangladesh. Besides, this study also reveals the status of GF in Bangladesh’s banks and non-bank financial institutions from 2014 to 2019. In order to define the key aspects of GF through the data obtained from 296 banking staffs of private commercial banks (PCBs) in Bangladesh, confirmatory factor analysis (CFA) was used. The study also used descriptive statistics to identify the major challenges hindering the development of GF in Bangladesh. The findings of this study show that, in comparison with other banks and non-bank financial institutions, the PCBs are the largest contributors to direct GF, accounting for 74.2% of the total GF in Bangladesh. The outcomes of the study also identify the “economic dimension” as the most significant dimension affecting the level of bankers’ perceptions of GF. Moreover, the bankers perceived the “social and environmental dimensions” as being the second and third most crucial factors influencing GF, followed by sources of green financing. The empirical findings indicate that bankers of PCBs deemed the level of awareness, beliefs and understanding of the major dimensions of GF and sources of green financing to be satisfactory for the implementation of GF in Bangladesh. In addition, the study also shows that high transaction costs, heavy default culture, operational self-insufficiency, improper appraisal of loan applications, and the absence of adequate accountability and transparency are the major barriers to the development of GF in Bangladesh. Therefore, major policy implications are further discussed.

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Section: Introductionmentioning

confidence: 99%

Green Finance Development in Bangladesh: The Role of Private Commercial Banks (PCBs)

et al. 2021

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“…Given the high relevance of community participation for financing the energy transition (Bauwens, 2016), success factors such as an appropriate regulatory framework and public subsidies (Schäfer, 2018;Heyen and Wolff, 2019) might be transferable to the food sector. In this context, the French case can serve as a model: Contributions to foundations such as Terre de Liens which preserves farm land for organic and peasant farmers are tax-deductible (Terre de Liens, 2019).…”

Section: Discussionmentioning

confidence: 99%

Untitled

Behrendt¹,

Peter²,

Sterly³

et al. 2019

CIRIEC Working Papers

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The rise of socially responsible and impact investing funds provides evidence for an increased interest private investors have in combining their financial and ethical concerns. At the same time, citizens increasingly engage in food networks and take on a vital role in the governance of agri-food systems. These developments might benefit farms and firms which are committed to sustainable food and seek funding. Through different community financing models, they can involve citizens who aim at supporting the development of a more sustainable food system. While still a niche market, an increasing number of firms in the German organic food sector uses community financing to substitute or complement traditional bank credit financing. There is a wide range of different models which can be classified as follows: 1. Pure financing instruments, e.g. crowdfunding, profit participation rights, direct loans. 2. Financing models which base on a particular legal form, e.g. cooperative, corporation. 3. Financing in cooperation with an intermediary organization which pools citizens’ capital, e.g. citizen shareholder corporation, land purchase cooperative. 4. Others (mostly related to primary production), e.g. community supported agriculture (CSA), leasing and sponsorship. Community financing can increase financial independence from credit intuitions and provides an opportunity to receive funding which otherwise might be difficult to obtain. Given the high capital intensity in agriculture and rising purchase prices of agricultural land, access to traditional bank credit financing is a particular challenge for new or less productive farms. Access to finance can also be a key obstacle for smaller companies involved in collaborative short food chains and green start-ups that offer innovative products or services and/or lack business education. Apart from financial considerations, particular community financing models can also serve as marketing tool in order to build or intensify relationships to customers. As the example of the German energy transition shows, financial citizen participation can be crucial for financing the transformation of the energy sector. However, little is known 5 about community financing models in the agri-food sector. Accordingly, this paper presents empirical evidence on community financing in the German organic food sector and discusses the role it can play in food system transformation.

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“…There is no need to detail the steps that brought Germany to be one of the leading countries in sustainable development. There is a solid body of literature for this (see, e.g., Buehler et al, 2011; Wustenhagen & Bilharz, 2006; Schäfer, 2018; and the already‐mentioned Uekötter, 2014). What is important is to highlight that Germany is one case that challenges the thesis that nationalism and environmentalism are mutually exclusive.…”

Section: The Bonding Between Nationalism and Environmentalismmentioning

confidence: 96%

Nationalism and environmentalism: The case of Vauban

Posocco

Watson

2022

Nations and Nationalism

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Although nationalism has been identified as the dominant ideology of the modern era, and environmentalism is the 21st century rising star, few studies address the relationship between them. The consensus seems to be that they are hardly compatible, considering that nationalism is a boundary-building phenomenon while environmentalism advocates for the safeguarding of the environment beyond national borders. Drawing on evidence from fieldwork in the region of Freiburg-im-Breisgau, near the French-German border, our study challenges this assumption. Not long ago this was a heavily militarised territory and a place of historical national friction between France and Germany, yet now it has been converted to, and rebranded as, a model of a successful, environmentally friendly region.Rather than wearing down nationalist sentiments, national pride has been reinvigorated as the vestiges of German nationalism have been buried under a thick layer of environmental paint; this time national pride is grounded not in the military power of the nation but in its defence of the environment. Through this case study, framed within the lens of nationalism theories, we argue that nationalism has the potential power to adapt to harmful heteronomous threats

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Germany: The ‘Greenhorn’ in the Green Finance Revolution

Cited by 14 publications

References 0 publications

Green Finance Development in Bangladesh: The Role of Private Commercial Banks (PCBs)

Green Finance Development in Bangladesh: The Role of Private Commercial Banks (PCBs)

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Nationalism and environmentalism: The case of Vauban

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