This chapter analyzes the development of green finance by sector. To this extent, it first examines the role of multilateral development banks in launching and fostering green finance and sustainable finance. Hence, it assesses the approaches adopted by industrial companies to embrace...

A report by the Stockholm Environment Institute estimates that between US$363 billion to US$2.4 trillion have to be invested only to mitigate climate change (Tempest & Lazarus, 2014). This estimation demonstrates that the financial sector plays a central role in influencing sustainable...

Sustainability risks represent a significant concern for the banking industry. Consequently, financial regulators created financial sector sustainability guidelines and regulations. However, the effect of these policies on banks' financial stability is unclear. Hence, this study analyzes 149...