Sustainable Finances and the Law:Between Public and Private Solutions:16 (Economic Analysis of Law in European Legal Scholarship, 16)

by: Rute Saraiva (Editor),Paulo Alves Pardal(Editor)

Publisher: Springer
Edition:2024th

Publication Date: 6 April 2024

Language: English

Print Length: 390 pages

ISBN-10: 3031494598

ISBN-13: 9783031494598

Book Description

Sustainable (public and private) finance is closely interlinked with the Sustainable Development Goals (SDGs). The latter focus on enhancing the protection of both social and environmental assets at the local and global level, from the real economy and everyday life to financial markets and public policies, thereby laying the groundwork for a transition. Global sustainability challenges – including climate change, natural resource depletion, and rising inequality – are affecting the commercial environment and real economy in a way that presents both risks and opportunities for the private and public financial sectors. On the one hand, policymakers and investors (including banks and pensions funds) are increasingly recognizing the environment’s implications for the financial sector through both physical and transitional risks, producing impacts on financial services and products, not to mention corporate goveance. On the other hand, govements and European and inteational institutions are aware of their sustainability-related responsibilities and the consequences of their actions. Both regulate and supervise financial markets but also use their budgetary and tax policies (e.g. carbon tax) and their participation in financial markets (e.g. green bonds and development banks) to overcome sustainability challenges. Therefore, the objective of this book is to help readers understand how private and public financial systems can be modified to create better value for society through sustainable approaches and initiatives such as the integration of environmental, social, and goveance (ESG) factors in investment, procurement, and budgeting.

About the Author

From the Back Cover Sustainable (public and private) finance is closely interlinked with the Sustainable Development Goals (SDGs). The latter focus on enhancing the protection of both social and environmental assets at the local and global level, from the real economy and everyday life to financial markets and public policies, thereby laying the groundwork for a transition. Global sustainability challenges – including climate change, natural resource depletion, and rising inequality – are affecting the commercial environment and real economy in a way that presents both risks and opportunities for the private and public financial sectors. On the one hand, policymakers and investors (including banks and pensions funds) are increasingly recognizing the environment’s implications for the financial sector through both physical and transitional risks, producing impacts on financial services and products, not to mention corporate goveance. On the other hand, govements and European and inteational institutions are aware of their sustainability-related responsibilities and the consequences of their actions. Both regulate and supervise financial markets but also use their budgetary and tax policies (e.g. carbon tax) and their participation in financial markets (e.g. green bonds and development banks) to overcome sustainability challenges. Therefore, the objective of this book is to help readers understand how private and public financial systems can be modified to create better value for society through sustainable approaches and initiatives such as the integration of environmental, social, and goveance (ESG) factors in investment, procurement, and budgeting.
About the Author
Rute Saraiva is Assistant Professor at University of Lisbon, Law School. Rute is member of the Centre for Research on European, Economic, Financial and Tax Law (CIDEEFF).Paulo Alves Pardal is Assistant Professor at University of Lisbon, Law School. Paulo is member of CIDEEFF – Research Center for European, Economic, Financial and Tax Law.