Green finance in Asia: challenges, policies and avenues for research

References

• ADB. (2017). Meeting Asia’s infrastructure needs. Asian Development Bank. https://www.adb.org/publications/asia-infrastructure-needs.
   Google Scholar
• Ariyapruchya, S., & Volz, U. (2022). Sustainable finance in Southeast Asia. In D. Schoenmaker, & U. Volz (Eds.), Scaling up sustainable finance and investment in the global south (pp. 281–302). CEPR Press.
   Google Scholar
• Azhgaliyeva, D., Beirne, J., & Mishra, R. (2023). What matters for private investment in renewable energy? Climate Policy, 23(1), 71–87. https://doi.org/10.1080/14693062.2022.2069664.
   Google Scholar
• Beirne, J., Renzhi, N., & Volz, U. (2021). Bracing for the typhoon: Climate change and sovereign risk in Southeast Asia. Sustainable Development, 29(3), 537–551. https://doi.org/10.1002/sd.2199
   Web of Science ®Google Scholar
• Buchner, B., Naran, B., Fernandes, P., Padmanabhi, R., Rosane, P., Solomon, M., Stout, S., Strinati, C., Tolentino, R., Wakaba, G., Zhu, Y., Meattle, C., & Guzmán, S.. (2021). Global landscape of climate finance 2021. Climate Policy Initiative. https://www.climatepolicyinitiative.org
   Google Scholar
• Clark, A., Benoit, P., & Walters, J. (2023). Government shareholders, wasted resources and climate ambitions: why is China still building new coal-fired power plants? Climate Policy, 23(1), 25–40. doi: 10.1080/14693062.2022.2062285.
   Web of Science ®Google Scholar
• Diaz-Rainey, I., Gehricke, S., Roberts, H., & Zhang, R. (2021). Trump vs. Paris: The impact of climate policy on U.S. listed oil and gas firm returns and volatility. International Review of Financial Analysis, 76, 101746. https://doi.org/10.1016/j.irfa.2021.101746
   Web of Science ®Google Scholar
• Diaz-Rainey, I., Robertson, B., & Wilson, C. (2017). Stranded research? Leading finance journals are silent on climate change. Climatic Change, 143(1), 243–260. https://doi.org/10.1007/s10584-017-1985-1
   Web of Science ®Google Scholar
• Diaz-Rainey, I., Tulloch, D. J., Ahmed, I., McCarten, M., & Taghizadeh-Hesary, F. (2021). An energy policy for ASEAN? Lessons from the EU experience on energy integration, security and decarbonisation. In S. C. Park, C. J. Kim, & F. Taghizadeh-Hesary (Eds.), Economic integration in Asia and Europe: Lessons and recommended policies (pp. 563–592). ADBI.
   Google Scholar
• Dikau, S., & Volz, U. (2023). Out of the window? Green monetary policy in China: Window guidance and the promotion of sustainable lending and investment. Climate Policy, 23(1), 122–137. doi: 10.1080/14693062.2021.2012122.
   Web of Science ®Google Scholar
• EIU. (2022). Asia’s energy transition: A tough balancing act. Economist Intelligence Unit. https://www.eiu.com/n/asias-energy-transition-a-tough-balancing-act/.
   Google Scholar
• Griffin, P., Lont, D. H., & Sun, E. Y. (2017). The relevance to investors of greenhouse gas emission disclosures. Contemporary Accounting Research, 34(2), 1265–1297. https://doi.org/10.1111/1911-3846.12298
   Web of Science ®Google Scholar
• Hellqvist, L., & Heubaum, H. (2023). Setting the sun on off-grid solar?: Policy lessons from the Bangladesh solar home systems (SHS) programme. Climate Policy, 23(1), 88–95. doi: 10.1080/14693062.2022.2056118.
   Web of Science ®Google Scholar
• Hong, H., Li, F. W., & Xu, J. (2019). Climate risks and market efficiency. Journal of Econometrics, 208(1), 265–281. https://doi.org/10.1016/j.jeconom.2018.09.015
   Web of Science ®Google Scholar
• Hughes, L., & Downie, C. (2023). Bilateral finance organizations and stranded asset risk in coal: The case of Japan. Climate Policy, 23(1), 41–56. doi: 10.1080/14693062.2021.1975622.
   Web of Science ®Google Scholar
• IPCC (2018). Summary for policymakers. In: Global Warming of 1.5°C. An IPCC Special Report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty [Masson-Delmotte, V., P. Zhai, H.-O. Pörtner, D. Roberts, J. Skea, P.R. Shukla, A. Pirani, W. Moufouma-Okia, C. Péan, R. Pidcock, S. Connors, J.B.R. Matthews, Y. Chen, X. Zhou, M.I. Gomis, E. Lonnoy, T. Maycock, M. Tignor, and T. Waterfield (eds.)]. Cambridge University Press, Cambridge, UK and New York, NY, USA, pp. 1-24. https://doi.org/10.1017/9781009157940.001.
   Google Scholar
• IPCC (2022a). Climate change 2022: Mitigation of climate change. Contribution of Working Group III to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change [P.R. Shukla, J. Skea, R. Slade, A. Al Khourdajie, R. van Diemen, D. McCollum, M. Pathak, S. Some, P. Vyas, R. Fradera, M. Belkacemi, A. Hasija, G. Lisboa, S. Luz, J. Malley, (eds.)]. Cambridge University Press, Cambridge, UK and New York, NY, USA. https://doi.org/10.1017/9781009157926
   Google Scholar
• IPCC (2022b). Climate change 2022: Impacts, adaptation and vulnerability. Contribution of Working Group II to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change [H.-O. Pörtner, D.C. Roberts, M. Tignor, E.S. Poloczanska, K. Mintenbeck, A. Alegría, M. Craig, S. Langsdorf, S. Löschke, V. Möller, A. Okem, B. Rama (eds.)]. Cambridge University Press. Cambridge University Press, Cambridge, UK and New York, NY, USA, 3056 pp. https://doi.org/10.1017/9781009325844
   Google Scholar
• Keenan, J. M. (2019). A climate intelligence arms race in financial markets. Science, 365(6459), 1240–1243. https://doi.org/10.1126/science.aay8442
   PubMed Web of Science ®Google Scholar
• Larsen, M., & Oehler, L. (2023). Clean at home, polluting abroad: the role of the Chinese financial system’s differential treatment of state-owned and private enterprises. Climate Policy, 23(1), 57–70. https://doi.org/10.1080/14693062.2022.2040409.
   Google Scholar
• Macaire, C., & Naef, A. (2023). Greening monetary policy: Evidence from the People’s Bank of China. Climate Policy, 23(1), 138–149. doi: 10.1080/14693062.2021.2013153.
   Web of Science ®Google Scholar
• Menon, R. (2022). What does it take to get to net zero. Keynote speech by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Economic Society of Singapore Annual Dinner 2022, Singapore, 17 August 2022. https://www.bis.org/review/r220819a.pdf.
   Google Scholar
• Nguyen, Q., Diaz-Rainey, I., & Kuruppuarachchi, D. (2022). In search of climate distress risk. International Review of Financial Analysis.
   Google Scholar
• Saravade, V., Chen, X., Weber, O., & Song, X. (2023). Impact of regulatory policies on green bond issuances in China: Policy lessons from a top-down approach. Climate Policy, 23(1), 96–107. doi: 10.1080/14693062.2022.2064803.
   Web of Science ®Google Scholar
• Setyowati, A. (2023). Governing sustainable finance: insights from Indonesia. Climate Policy, 23(1), 108–121. doi: 10.1080/14693062.2020.1858741.
   Google Scholar
• TCFD (2017). Recommendations of the task force on climate-related financial disclosures, task force on climate-related financial disclosures, financial stability board. https://www.fsb-tcfd.org.
   Google Scholar
• TCFD. (2021). 2021 status report, task force on climate-related financial disclosures, financial stability board. https://www.fsb-tcfd.org.
   Google Scholar
• UN ESCAP. (2019). Economic and social survey of Asia and the pacific 2019: Ambitions beyond growth, Bangkok: United Nations Economic and Social Commission for Asia and the Pacific. https://www.unescap.org/publications/economic-and-social-survey-asia-and-pacific-2019-ambitions-beyond-growth.
   Google Scholar
• Volz, U. (2019). Fostering green finance for sustainable development in Asia. In U. Volz, P. J. Morgan, & N. Yoshino (Eds.), Routledge handbook of banking and finance in Asia (pp. 488–504). Routledge. https://www.adb.org/sites/default/files/publication/472646/adbi-routledge-handbook-banking-finance-asia.pdf.
   Google Scholar
• Volz, U. (2021). Governing sustainable finance, Asia Bond Monitor, June, 43-47. https://asianbondsonline.adb.org/documents/abm/abm_jun_2021_governing_sustainable_finance.pdf.
   Google Scholar
• Volz, U., Beirne, J., Ambrosio Preudhomme, N., Fenton, A., Mazzacurati, E., Renzhi, N., & Stampe, J. (2020). Climate change and sovereign risk. SOAS University of London, Asian Development Bank Institute, World Wide Fund for Nature Singapore, Four Twenty Seven. https://doi.org/10.25501/SOAS.00033524
   Google Scholar
• Zhang, W., Zhou, Y., Gong, Z., Kang, J., Zhao, C., Meng, Z., Zhang, J., Zhang, T., & Yuan, J. (2023). Quantifying stranded assets of the coal-fired power in China under the Paris agreement target. Climate Policy, 23(1), 11–24. doi: 10.1080/14693062.2021.1953433.
   Web of Science ®Google Scholar