Green Finance Today: Summary and Concluding Remarks

  • Marco Migliorelli
  • Philippe DessertineEmail author
Part of the Palgrave Studies in Impact Finance book series (SIF)


This chapter offers an overview of the main discussions provided in the book and states some concluding remarks. The main drivers of the development of green finance to date are first recalled, in particular as concerns the engagement of international financial organisations and the emergence of concrete market incentives for investors to issue or to buy green securities. Then, the importance of the realisation of some key conditions necessary for mainstreaming green finance is further discussed, including the proper inclusion of environmental risks in the investors’ decision-making process, the effective channelling of the demand, the creation of specific green financial products and facilities and, last but not the least, the political commitment of the international community toward the environment goals.


  1. Anselmsson, J., Bondesson, N. V., & Johansson, U. (2014). Brand image and customers’ willingness to pay a price premium for food brands. Journal of Product and Brand Management, 23(2), 90–102.CrossRefGoogle Scholar
  2. Climate Bonds Initiative. (2018, January). Green bonds highlights 2017. London.Google Scholar
  3. EBF. (2012). EU’s banking sector: The world’s largest banking system. Facts and figures 2011/2012. Brussels.Google Scholar
  4. European Commission (EC). (2018a). A clean planet for all. A European strategic long-term vision for a prosperous, modern, competitive and climate neutral economy, COM(2018) 773 final. Brussels.Google Scholar
  5. European Commission (EC). (2018b). Action plan: Financing sustainable growth, COM(2018) 97 final. Brussels.Google Scholar
  6. Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: Aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance and Investment, 5(4), 210–233.Google Scholar
  7. Intergovernmental Panel on Climate Change (IPCC). (2018). Special report. Global warning of 1.5 °C. Geneva.Google Scholar
  8. Migliorelli, M. (Ed.). (2018). New cooperative banking in Europe. Strategies for adapting the business model post-crisis. London: Palgrave Macmillan.Google Scholar
  9. Zerbib, D. O. (2019). The effect of pro-environmental preferences on bond prices: Evidence from green bonds. Journal of Banking and Finance, 98, 39–60.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.IAE Université Paris 1 Panthéon-Sorbonne (Sorbonne Business School)ParisFrance
  2. 2.European CommissionBrusselsBelgium

Personalised recommendations