Greening the Financial Sector How to Mainstream Environmental Financ
Given the manifold challenges of financial sectors in developing and transition countries, one might be tempted to believe that embarking on “green” finance is not a priority for financial systems development. However, there are a number of arguments agai
- PDF / 3,680,072 Bytes
- 262 Pages / 439.37 x 666.14 pts Page_size
- 53 Downloads / 185 Views
Doris Köhn Editor
Greening the Financial Sector How to Mainstream Environmental Finance in Developing Countries
Editor Doris Köhn Senior Vice President Africa and Middle East Palmengartenstr. 5-9 KfW Entwicklungsbank 60325 Frankfurt am Main Germany [email protected]
e-ISBN 978-3-642-05087-9 ISBN 978-3-642-05086-2 DOI 10.1007/978-3-642-05087-9 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2011943109 © The Editor(s) (if applicable) and the Author(s) 2012. The book is published with open access at SpringerLink.com
Open Access. This book is distributed under the terms of the Creative Commons Attribution Noncommercial License, which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited. All commercial rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, re-use of illustrations, recitation, broadcasting, reproduction on microfilms or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for commercial use must always be obtained from Springer. Permissions for commercial use may be obtained through Rightslink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
In light of a growing number of extreme weather events in developing countries, it is becoming more and more evident that the most vulnerable people at the ‘base of the pyramid’ will also suffer most from climate change. Climate change is expected to put development successes in jeopardy and makes sustainable poverty alleviation more difficult. Hence, a strategy for adaptation to and mitigation of climate change is indispensable for sustainable development and poverty reduction in emerging and developing markets. Ecological sustainability is also reflected in the Millennium Development Goals: Achieving MDG 7 aims at environmental protection as well as sustainable use of natural resources. I am deeply convinced that ecological sustainability is a major requirement for development and a crucial contribution to the fulfilment of the MDGs. The German Ministry for Economic Cooperation and Development (BMZ) has therefore introduced a ‘climate check’ to consider climate protection and adaptation aspects in strategies and programmes of German development cooperation. As industrial nations are important drivers of climate change, they bear a historic responsibility
Data Loading...
