Green finance

Brief history
Expert's opinion
Fresh news
Green bonds
Research
Mindmap

Green finance in the
modern economy

Financial University under the Government

of the Russian Federation

Meet our dream team

Jasmina Alkhilova

Founder & Art Director

Anastasiya Kiryash

Customers Support

Olga Anokhina

Design Director

Sofia Savelyeva

Marketing Director

“

Our planet is not a static quantity, not a narrowly
limited living space, but a dynamic system full of
not yet discovered possibilities.
Meaningful growth means growth in union with nature.

Ralph Fuchs, German politician and publicist

INTRODUCTION

Green Finance is a strategic approach to incorporate the financial sector in the transformation process towards low-carbon and resource-efficient economies, and in the context of adaptation to climate change.

19th century

simple public sector financing
(taxes, fees, stamps and government spending)

20th century

mix of public & philanthropic finance

last 25 years

growing involvement of the private sector
+ the development of new financial mechanisms

Expert opinion

As part of the study, we interviewed members of the closed community about green finance and found out their views on this topic.

Katie Hasnain — from California, Studying MSc Environmental
Policy and Regulation at The London School
of Economics and Political Science - LSE

Pooja Shah — Manager at Macquarie Asset Management, speaker

Calvin Ewald — Vice President Macquarie Capital

Katie Hasnain:

There are so many loosely defined terminology and acronyms in this space, it is one of the issues that slow down the mainstream adoption of this. Green Finance refers to investments targeting opportunities that improve climate change, energy efficiency and mitigate climate and environmental risks. It is no doubt one of the key elements in the sustainable investment universe, but by no means the only one.

Pooja Shah:

The topic of green finance is very important to me, I would really like all people on Earth to take this issue seriously.

I am working on investing equity capital in renewable energy projects in the hands of Macquarie 's, and have been with this firm for 2.5 years. Prior to that, I worked at Aviva Investors in private equity and lending in renewable energy and later I ventured out and started my career at the Royal Bank of Scotland in a structured credit team.

Calvin Ewald:

You are really interested in important things. For example, I invest in Macquarie Capital's balance sheet in clean energy opportunities across the UK and Europe, and manage platform investments and partnerships for GIG, especially solar PV. I hope some of the members of your group will be seriously interested in this topic and together we will direct our efforts to preserve the environment.

Steps to take to green the financial system

Tilda Publishing

create your own block from scratch

Fresh news

World Bank boosts target for climate-friendly financing to 35% over five years

10.12.2020

The World Bank said on Wednesday it was setting a new five-year target for 35 per cent of its financing, on average, to have climate "co-benefits", up from a 28 per cent target for the previous five-year period ended in 2020.

The multilateral development lender also said half of the climate-related financing would be done by its main units - the International Bank for Reconstruction and Development and the International Development Association - and would be aimed at supporting climate adaptation and resilience projects.

GIC looks to integrate climate change into all investment processes

14.11.2020

AS the world starts to recognise the impact of climate change, investors can no longer afford to dismiss risks associated with abrupt policy changes that may potentially hurt portfolio returns.

Against this backdrop, Singapore's sovereign wealth fund GIC is taking a "holistic and long-term approach" to integrate climate change into its portfolio, said Rachel Teo, head of futures (research) unit and senior vice-president, economics and investment strategy, in a report.

Volume of green bonds in September jumps by five times from month before

08.10.2020

Adidas, French electricity firm EDF and telecoms firm Orange, along with the nations of Germany, Egypt and Sweden all issued green bonds in September, helping the volume jump by five times from August.

The value of green bonds issued so far this year climbed to more than US$176 billion, a 26 per cent increase from the same period in 2019.

Green Finance Institute spearheads drive to scale up national green banks worldwide

25.09.2020

The UK's Green Finance Institute has teamed up with US environmental groups the Natural Resources Defense Council (NRDC) and the Rocky Mountain Institute in a bid to help governments attract private investment for low-carbon, climate-resilient solutions by establishing green banks.

Mindmap

Research

We took a pool among 40 students from different Moscow Universities and not only students to find out their knowledge about the Green Finance.

To begin with, we learned that most of the respondents are 3-4 year students (40% of respondents), 1-2 year students (27.5%) and schoolchildren (22.5% of respondents). Also, 7.5 percent of respondents are people who are employed.

The second question was: "Do you know anything about sustainable development?" Unfortunately, the majority (40%) answered that they did not know. And almost equally those who know and who find it difficult to answer the question.

To the third question "What do you know about green finance" 17 respondents answered that they do not know anything, 8 people have basic knowledge and about 15 respondents are well versed in the topic.

When asked “What green finance instruments do you know?” 50 percent answered that they know green banks. 40 and 40.2 percent know about green bonds and funds. A smaller proportion (32.5%) know about green loans.

The next question was about the state for green projects. 62.5 percent of respondents believe that the state should be responsible for introducing green finance into the economy. 27.5 percent of respondents believe that business should be responsible for introducing green finance into the economy on a par with the state. And a smaller proportion of respondents answered what they think that business should introduce green finance into the economy

The sixth question was necessary in order to understand how the citizens of the country think whether there is a direction for sustainable development in their country. For a smaller proportion, this question seemed difficult. 15 percent believe that green finance is developed in their country. Another 22.5 percent believe that they are rather developed. 30% believe that it is more likely not - and this is a large proportion of those surveyed. And 20% believe that the green finance market is not at all developed in their country.

Then there was a question about whether the respondents want to know more about green finance. Collectively, 85 percent said they want or rather want to know more.

And the final question was about what exactly new respondents want to know. There are various answers. Some and the most popular of them are: instruments, institutions, functions, the situation with sustainable development in the world and also in Russia.

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Glossary

Basic concepts that play a key role in green finance

Green Bond

A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. These bonds are typically asset-linked and backed by the issuing entity's balance sheet, so they usually carry the same credit rating as their issuers’ other debt obligations.

Green economy

A green economy is a model that leads to improved health and social justice of the population, as well as to a significant reduction in hazardous environmental impacts and to a decrease in environmental deficit

Green Bank

A green bank is a financial institution, typically public or quasi-public, that uses innovative financing techniques and market development tools in partnership with the private sector to accelerate deployment of clean energy technologies.

Environment friendly processes

Environment friendly processes, or environmental-friendly processes (also referred to as eco-friendly, nature-friendly, and green), are sustainability and marketing terms referring to goods and services, laws, guidelines and policies that claim reduced, minimal, or no harm upon ecosystems or the environment.

Green projects

Green projects by virtue of their ability to reduce pollution, reduce fossil fuel consumption, or some other positive effect on the environment are definitely among those projects that are going forward.

Multilateral development bank

A multilateral development bank (MDB) is an international financial institution chartered by two or more countries for the purpose of encouraging economic development in poorer nations.

Green loan

"Green Loan" as any type of loan instrument made available exclusively to finance or refinance, in whole or in part, new and/or existing eligible greenprojects

Co-benefits

Co-benefits are the added benefits we get when we act to control climate change, above and beyond the direct benefits of a more stable climate. They are sometimes referred to as "multiple benefits" or "synergies"

Climate finance

Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change

Investment fund

An investment fund is a supply of capitalbelonging to numerous investors used to collectively purchase securities while each investor retains ownership and control of his own shares

Ecological infrastructure

Ecological infrastructure refers to the natural or semi-natural structural elements of ecosystems and landscapes that are important in delivering ecosystem services.

Global financial system

The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.

17 sustainable development goals

The Sustainable Development Goals (SDGs) or Global Goals are a collection of 17 interlinked goals designed to be a "blueprint to achieve a better and more sustainable future for all".

Ecosystem

An ecosystem is a community of living organisms in conjunction with the nonliving components of their environment, interacting as a system.

Green institutions

A green university is an educational institution that meets its need for natural resources, such as energy, water, and materials, without compromising the ability of people in other countries as well as future generations to meet their own needs.

Environmental risks

Environmental Risk can be defined as the “actual or potential threat of adverse effects on living organisms and the environment by effluents, emissions, wastes, resource depletion, etc., arising out of an organization's activities.

Greening

Greening is the process of transforming living environments, and also artifacts such as a space, a lifestyle or a brand image, into a more environmentally friendly version

Globalization

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Financial instruments

Financial instruments are assets that can be traded, or they can also be seen as packages of capital that may be traded

Green insurance

Green insurance (also often referred to as eco-friendly insurance) can be defined as insurance that not only covers people in case of injury or damage, but also contributes to protecting our environment.

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