Table of contents

  1. Front Matter
    Pages i-xxxiii
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Jeffrey D. Sachs, Wing Thye Woo, Naoyuki Yoshino, Farhad Taghizadeh-Hesary
      Pages 3-12
  3. Financial Barriers for Development of Green Projects

  4. Green Energy Transition: Strategies and Financial Governance

  5. Credit Risk and Credit Rating of Green Projects

    1. Front Matter
      Pages 103-103
  6. Green Bond

    1. Front Matter
      Pages 125-125
    2. Suk Hyun, Donghyun Park, Shu Tian
      Pages 127-154
  7. Carbon Capture and Carbon Pricing

  8. Banks and Non-bank Financial Institutions

  9. Fintech and Financial Innovation

    1. Front Matter
      Pages 289-289
    2. Simon Retallack, Andrew Johnson, Joshua Brunert, Ehsan Rasoulinezhad, Farhad Taghizadeh-Hesary
      Pages 291-314
    3. Darius Nassiry
      Pages 315-336
  10. Green Technology Financing

  11. Community-Based Green Finance

    1. Front Matter
      Pages 363-363
    2. Ranaporn Tantiwechwuttikul, Masaru Yarime
      Pages 405-423
  12. Role of Fiscal Policy in Unlocking Green Finance and Green Investment

    1. Front Matter
      Pages 425-425
    2. Dina Azhgaliyeva, Zhanna Kapsalyamova, Linda Low
      Pages 427-457
  13. Barriers and Solutions to Green Finance in Selected Countries

    1. Front Matter
      Pages 483-483
    2. Ivan Diaz-Rainey, Greg Sise
      Pages 485-511
    3. Monzur Hossain
      Pages 513-537
    4. Gopal K. Sarangi
      Pages 539-556
    5. Ariel Liebman, Aisha Reynolds, Dani Robertson, Sharna Nolan, Megan Argyriou, Beth Sargent
      Pages 557-586
    6. Behnaz Saboori, Azlinda Azman, Maryam Moradbeigi
      Pages 587-610
    7. Sadia Malik, Maha Qasim, Hasan Saeed
      Pages 611-628
    8. Deokkyo Oh, Sang-Hyup Kim
      Pages 629-658
    9. Youngho Chang
      Pages 659-674
    10. Trong Co Nguyen, Anh Tu Chuc, Le Ngoc Dang
      Pages 675-705
  14. Back Matter
    Pages 707-718

About this book


This handbook deals with various financial instruments, policies, and strategies in a policy-oriented approach for financing green energy projects. Recently, global investment in renewables and energy efficiency has declined, and there is a risk that it will slow further, Clearly, fossil fuels still dominate energy investments. This trend could threaten the expansion of green energy needed to meet energy security, climate, and clean-air goals. Several developed and developing economies are still following pro-coal energy policies. The extra CO2 generated from new coal-fired power plants could more than eliminate any reductions in emissions made by other nations.

Finance is the engine of development of infrastructural projects, including energy projects. By providing several thematic and country chapters, this handbook explains that if we plan to achieve sustainable development goals, we need to create opportunities for new green projects and scale up the financing of investments that furnish environmental benefits. New financial instruments and policies such as green bonds, green banks, carbon market instruments, fiscal policy, green central banking, fintech, and community-based green funds are among the chief components that make up green finance.

Naoyuki Yoshino is Dean, Asian Development Bank Institute and Professor Emeritus, Keio University. Jeffery Sachs is Director, Center for Sustainable Development at Columbia University. Wing Thye Woo is Professor of Economics, U.C. Davis. Farhad Taghizadeh-Hesary is Assistant Professor, Waseda University.


sustainable development SDGs 2030 Agenda for Sustainable Development development economics Hometown Investment Trust (HIT) fund Green energy Green growth

Editors and affiliations

  • Jeffrey D. Sachs
    • 1
  • Wing Thye Woo
    • 2
  • Naoyuki Yoshino
    • 3
  • Farhad Taghizadeh-Hesary
    • 4
  1. 1.Columbia UniversityNew YorkUSA
  2. 2.Department of EconomicsUniversity of California at DavisDavisUSA
  3. 3.Asian Development Bank Institute (ADBI)Keio UniversityTokyoJapan
  4. 4.Faculty of Political Science and EconomicsWaseda UniversityTokyoJapan

Bibliographic information