Thursday 03 October 2019
Perspectives / Sustain / Transition finance and the...

Sustainable finance isn't just green finance – it's also transition finance, for 'brown' sectors that must become less so to preserve the environment.


In the first of a two-part series in Environmental Finance, Hervé Duteil, BNP Paribas' Chief Sustainability Officer for the Americas, writes about the benefit for society of extending financial and extra-financial advantages traditionally offered for 'green' use of proceeds to 'brown' sectors. These sectors have a key role to play in keeping global warming at less than 2°C above pre-industrial levels, and in creating a climate-neutral, circular and resource-efficient economy.

What is 'transition' finance – and why is it becoming so important? How can sectors whose growth largely depends on environmentally harmful forms of activity be included under the 'sustainable' umbrella? And how does this fit in with the three revolutions that sustainable finance has been undergoing?





▲
Rate this article :
1
3
0
3
0
 
 

Give us your feedback

Please validate CAPTCHA.

RELATED ARTICLES
bnp-paribas-top-5-takeaways-from-climate-week-nyc-2019
BNP Paribas’ Top 5 Takeaways from Climate Week NYC 2019

BNP Paribas' top takeaways from Climate Week NYC 2019 from UNEP PRBs, sustainable and environmental finance, A Plastic Ocean, and World Cleanup Day.

where-green-finance-stops-and-where-transition-finance-begins
Where green finance stops - and where transition finance begins
Guidelines for thinking about transition finance.
Guidelines for thinking about transition finance.
energy-transition-more-a-matter-of-finance-than-of-economics-
Energy transition: “More a matter of finance than of economics”
Reflecting on the role of finance in the transition to a carbon-neutral economy, Professor Carlo Carraro...
Reflecting on the role of finance in the transition to a carbon-neutral economy, Professor Carlo Carraro outlines paradoxical...
microfinance-the-little-big-movement-that-keeps-on-growing
Microfinance, the little big movement that keeps on growing
As BNP Paribas celebrates 30 years' involvement in microfinance, we talked to Alain Lévy,...
As BNP Paribas celebrates 30 years' involvement in microfinance, we talked to Alain Lévy, Head of Microfinance and Social...
easy-as-one-two-three-how-finance-can-help-kids
Easy as one, two, three: how finance can help kids
The interest Peabody pays on its sustainability-linked loan depends on achieving childcare qualification...
The interest Peabody pays on its sustainability-linked loan depends on achieving childcare qualification training targets...

BNP Paribas CIB is a leading global financial services firm, offering you solutions in capital markets, securities services, advisory, finance and treasury

ABOUT US

HOT TOPICS

FOLLOW US ON

close
{POPUP_CONTENT}