Environmental Finance: Value and Risk in an Age of Ecology

Mark White
Environmental issues are restructuring markets and redirecting capital flows throughout the world. This paper provides an outline of concerns facing development of an environmentally responsible or "environmental finance" perspective. It reviews major ways in which organizations are responding to environmental threats and opportunities in the three major branches of finance--corporate finance, investments, and financial institutions--highlighting especially novel programs and initiatives. In the past, financial concerns have exacerbated degradation of the natural environment; in the future,...
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