Edited by Sabri Boubaker, Douglas Cumming and Duc K. Nguyen
Chapter 19: Environmental regulation, financial regulation and sustainability
While it is customary to deal with environmental regulation and financial regulation separately as if they are not related, we depart from this tradition by demonstrating that the generic theories of regulation are applied to environmental and financial regulation. We suggest that the arguments for and against regulation are equally valid for both, and so is the principle that regulation is a response to market failure. We also argue that it is not only that environmental regulation is relevant to sustainability but that financial regulation is also relevant. We consider the issues of integrating sustainability criteria in the risk assessment and decision making of financial institutions and how financial regulation can help mobilize capital for sustainability, arguing that financial stability affects and is affected by sustainability.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.