Greening the Chinese financial system through experimentations? Assessing the effectiveness of green finance business experimentations in Guangdong, China

References

• Berkhout, F., G. Verbong, A. J. Wieczorek, R. Raven, L. Lebel, and X. Bai. 2010. “Sustainability Experiments in Asia: Innovations Shaping Alternative Development Pathways?” Environmental Science & Policy 13 (4): 261–271.
   Web of Science ®Google Scholar
• Blythe, J., J. Silver, L. Evans, D. Armitage, N. J. Bennett, M. L. Moore, T. H. Morrison, and K. Brown. 2018. “The Dark Side of Transformation: Latent Risks in Contemporary Sustainability Discourse.” Antipode 50 (5): 1206–1223.
   Web of Science ®Google Scholar
• Bos, J. J., and R. R. Brown. 2012. “Governance Experimentation and Factors of Success in Socio-Technical Transitions in the Urban Water Sector.” Technological Forecasting and Social Change 79 (7): 1340–1353.
   Web of Science ®Google Scholar
• Bulkeley, H., and V. Castán Broto. 2013. “Government by Experiment? Global Cities and the Governing of Climate Change.” Transactions of the Institute of British Geographers 38 (3): 361–375.
   Web of Science ®Google Scholar
• Ceschin, F. 2014. “How the Design of Socio-Technical Experiments can Enable Radical Changes for Sustainability.” International Journal of Design 8 (3): 1–21.
   Web of Science ®Google Scholar
• Collins, B. 2020. ““It’s not Talked About”: The Risk of Failure in Practice in Sustainability Experiments.” Environmental Innovation and Societal Transitions 35: 77–87.
   Web of Science ®Google Scholar
• Dahlin, K. B., and D. M. Behrens. 2005. “When is an Invention Really Radical?: Defining and Measuring Technological Radicalness.” Research Policy 34 (5): 717–737.
   Web of Science ®Google Scholar
• de Haan, J. H., and J. Rotmans. 2011. “Patterns in Transitions: Understanding Complex Chains of Change.” Technological Forecasting and Social Change 78 (1): 90–102.
   Web of Science ®Google Scholar
• Dewar, R. D., and J. E. Dutton. 1986. “The Adoption of Radical and Incremental Innovations: An Empirical Analysis.” Management Science 32 (11): 1422–1433.
   Web of Science ®Google Scholar
• Evans, J. 2016. “Trials and Tribulations: Problematizing the City through/as Urban Experimentation.” Geography Compass 10 (10): 429–443.
   Web of Science ®Google Scholar
• Evans, J., and A. Karvonnen. 2010. “Living Laboratories for Sustainability: Exploring the Politics and Epistemology of Urban Transition.” In Cities and Low Carbon Transitions, edited by H. Bulkeley, V. Castan Broto, S. Marvin, and M. Hodson, 126–141. London: Routledge.
   Google Scholar
• Frantzeskaki, N., J. Wittmayer, and D. Loorbach. 2014. “The Role of Partnerships in ‘Realising’urban Sustainability in Rotterdam's City Ports Area, The Netherlands.” Journal of Cleaner Production 65: 406–417.
   Web of Science ®Google Scholar
• Green Finance Impact Report. 2019. https://www.macquarie.com/assets/macq/investor/debt-investors/macquarie-green-finance-impact-report.pdf. Accessed 10 March 2020.
   Google Scholar
• Hafner, S., A. Jones, A. Anger-Kraavi, and J. Pohl. 2020. “Closing the Green Finance gap–A Systems Perspective.” Environmental Innovation and Societal Transitions 34: 26–60.
   Web of Science ®Google Scholar
• Heiskanen, E., M. Jalas, J. Rinkinen, and P. Tainio. 2015. “The Local Community as a “low-Carbon lab”: Promises and Perils.” Environmental Innovation and Societal Transitions 14: 149–164.
   Web of Science ®Google Scholar
• Heldeweg, M. A. 2017. “Normative Alignment, Institutional Resilience and Shifts in Legal Governance of the Energy Transition.” Sustainability 9 (7): 1273–1278.
   Web of Science ®Google Scholar
• Hildén, M., A. Jordan, and D. Huitema. 2017. “Special Issue on Experimentation for Climate Change Solutions Editorial: The Search for Climate Change and Sustainability Solutions-The Promise and the Pitfalls of Experimentation.” Journal of Cleaner Production 169: 1–7.
   Web of Science ®Google Scholar
• Kivimaa, P., M. Hildén, D. Huitema, A. Jordan, and J. Newig. 2017. “Experiments in Climate Governance–a Systematic Review of Research on Energy and Built Environment Transitions.” Journal of Cleaner Production 169: 17–29.
   Web of Science ®Google Scholar
• Laakso, S., A. Berg, and M. Annala. 2017. “Dynamics of Experimental Governance: A Meta-Study of Functions and Uses of Climate Governance Experiments.” Journal of Cleaner Production 169: 8–16.
   Web of Science ®Google Scholar
• Lerner, J. 2006. “The New Financial Thing: The Origins of Financial Innovations.” Journal of Financial Economics 79 (2): 223–255.
   Web of Science ®Google Scholar
• Lerner, J., and P. Tufano. 2011. “The Consequences of Financial Innovation: a Counterfactual Research Agenda.” Annu. Rev. Financ. Econ. 3 (1): 41–85.
   Google Scholar
• Loorbach, D. 2010. “Transition Management for Sustainable Development: a Prescriptive, Complexity-Based Governance Framework.” Governance 23 (1): 161–183.
   Web of Science ®Google Scholar
• Ma, J. 2015. “On the Construction of China's Green Finance System.” Finance Forum 5: 14–16.
   Google Scholar
• Mayring, P. 2004. Qualitative Content Analysis. A Companion to Qualitative Research. Sage: London.
   Google Scholar
• Meng, A., I. Lau, B. Boulle, S. Chen, X. Liu, and T. Liu. 2018. China Green Bond Market 2017. Climate Bonds Initiative in association with China Central Depository and Clearing Company (CCDC), supported by HSBC.
   Google Scholar
• Naidoo, C. P. 2019. “Relating Financial Systems to Sustainability Transitions: Challenges, Demands and Design Features.” Environmental Innovation and Societal Transitions (In press).
   Web of Science ®Google Scholar
• Nelson, A., A. Earle, J. Howard-Grenville, J. Haack, and D. Young. 2014. “Do Innovation Measures Actually Measure Innovation? Obliteration, Symbolic Adoption, and Other Finicky Challenges in Tracking Innovation Diffusion.” Research Policy 43 (6): 927–940.
   Web of Science ®Google Scholar
• New Climate Economy. 2016. The Sustainable Infrastructure Imperative: Financing for Better Growth and Development. http://newclimateeconomy.report/2016/wp-content/uploads/sites/4/2014/08/NCE_2016Report.pdf. Accessed 20 January 2020.
   Google Scholar
• Ng, A. W. 2018. “From Sustainability Accounting to a Green Financing System: Institutional Legitimacy and Market Heterogeneity in a Global Financial Centre.” Journal of Cleaner Production 195: 585–592.
   Web of Science ®Google Scholar
• O'Brien, K., and L. Sygna. 2013. Responding to climate change: the three spheres of transformation. In: Proceedings of Transformation in a Changing Climate, Oslo, Norway, 19–21 June, 2013.
   Google Scholar
• Peng, H., T. Feng, and C. Zhou. 2018. “International Experiences in the Development of Green Finance.” American Journal of Industrial and Business Management 8 (2): 385–393.
   Google Scholar
• Raven, R. P., E. Heiskanen, R. Lovio, M. Hodson, and B. Brohmann. 2008. “The Contribution of Local Experiments and Negotiation Processes to Field-Level Learning in Emerging (Niche) Technologies: Meta-Analysis of 27 new Energy Projects in Europe.” Bulletin of Science, Technology & Society 28 (6): 464–477.
   Google Scholar
• Sabel, C. F., and J. Zeitlin. 2012. “Experimentalism in the EU: Common Ground and Persistent Differences.” Regulation & Governance 6 (3): 410–426.
   Web of Science ®Google Scholar
• Schot, J., and F. W. Geels. 2008. “Strategic Niche Management and Sustainable Innovation Journeys: Theory, Findings, Research Agenda, and Policy.” Technology Analysis & Strategic Management 20 (5): 537–554.
   Web of Science ®Google Scholar
• Sengers, F., F. Berkhout, A. J. Wieczorek, and R. Raven. 2016. “Experimenting in the City: Unpacking Notions of Experimentation for Sustainability.” In The Experimental City, edited by J. Evans, A. Karvonen, and R. Raven, 15–31. Abingdon: Routledge.
   Google Scholar
• Sengers, F., A. J. Wieczorek, and R. Raven. 2019. “Experimenting for Sustainability Transitions: A Systematic Literature Review.” Technological Forecasting and Social Change 145: 153–164.
   Web of Science ®Google Scholar
• Seyfang, G., S. Hielscher, T. Hargreaves, M. Martiskainen, and A. Smith. 2014. “A Grassroots Sustainable Energy Niche? Reflections on Community Energy in the UK.” Environmental Innovation and Societal Transitions 13: 21–44.
   Google Scholar
• Seyfang, G., and A. Smith. 2007. “Grassroots Innovations for Sustainable Development: Towards a new Research and Policy Agenda.” Environmental Politics 16 (4): 584–603.
   Web of Science ®Google Scholar
• Smith, A., and R. Raven. 2012. “What is Protective Space? Reconsidering Niches in Transitions to Sustainability.” Research Policy 41 (6): 1025–1036.
   Web of Science ®Google Scholar
• Steinmo, S., and K. Thelen. 1992. “Historical Institutionalism in Comparative Politics.” Structuring Politics: Historical Institutionalism in Comparative Analysis 2: 369–404.
   Google Scholar
• Tufano, P. 2003. “Financial Innovation.” In Handbook of the Economics of Finance, edited by G. Constantinides, M. Harris, and R. Stulzpp, 307–336. Amsterdam: North Holland.
   Google Scholar
• Urban, M. A., and D. Wójcik. 2019. “Dirty Banking: Probing the gap in Sustainable Finance.” Sustainability 11 (6): 1745–1751.
   Web of Science ®Google Scholar
• van den Heiligenberg, H. A., G. J. Heimeriks, M. P. Hekkert, and F. G. van Oort. 2017. “A Habitat for Sustainability Experiments: Success Factors for Innovations in Their Local and Regional Contexts.” Journal of Cleaner Production 169: 204–215.
   Web of Science ®Google Scholar
• Voß, J. P., A. Smith, and J. Grin. 2009. “Designing Long-Term Policy: Rethinking Transition Management.” Policy Sciences 42 (4): 275–302.
   Web of Science ®Google Scholar
• Zeng, J. 2015. “Did Policy Experimentation in China Always Seek Efficiency? A Case Study of Wenzhou Financial Reform in 2012.” Journal of Contemporary China 24 (92): 338–356.
   Web of Science ®Google Scholar
• Zurlo, F., and V. D. G. A. Nunes. 2015. Designing Pilot Projects as Boundary Objects: a Brazilian Case Study in the Promotion of Sustainable Design. London: Springer.
   Google Scholar