Edited by Jennifer I. Considine
Chapter 14: Deepening green finance
This chapter shows how many in mainstream finance are resisting the global transition to renewable resources and the circular economy because their models and financial algorithms have not yet been updated and are too reliant on historical data and risk assessment of narrow factors. These do not yet include the kind of environmental and resource risks covered, for example in the World Economic Forum’s annual Global Risk Reports, concerning climate, water shortages, inequality, cyber threats, etc. Meanwhile this chapter demonstrates that in spite of these barriers, the transition worldwide to cleaner, greener, knowledge-richer, more equitable economies, is proceeding rapidly.
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