Skip to main content
Top

Hint

Swipe to navigate through the chapters of this book

2019 | OriginalPaper | Chapter

12. Green Finance Concept: Framework and Consumerism

Author : Marwa Ben Ghoul

Published in: Financing Sustainable Development

Publisher: Springer International Publishing

Abstract

Sustainability has begun to receive more attention from the international community as a crucial pillar for economic growth and an active driver for protection of the environment. Therefore, financial institutions have become more aware of their responsibility to contribute to sustainable development. To fulfill this responsibility, several financial institutions have adopted the concept of green finance. This research consists in outlining the green finance concept and assessing the level of knowledge and awareness among consumers about green finance products and services via an exploratory analysis. The main findings of this research are that most of the respondents were aware of environmental problems, however many of them had limited knowledge about sustainability and remarkably no knowledge about green finance. Moreover, despite the green finance concept facing big challenges related to data protection and security maintenance, it has several opportunities to be improved and widely applied.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Footnotes
1
PricewaterhouseCoopers (PWC) (2013): Exploring Green Finance Incentives in China, PWC.
 
Literature
go back to reference Ali, M. J., Jony, M. J. A., & Shakil, A. (2017). Consumer Perception Towards Green Practice: An Empirical Study on Young Consumer from Bangladesh Perspective. Journal of Economics and Sustainable Development, 8(23). Ali, M. J., Jony, M. J. A., & Shakil, A. (2017). Consumer Perception Towards Green Practice: An Empirical Study on Young Consumer from Bangladesh Perspective. Journal of Economics and Sustainable Development, 8(23).
go back to reference Chang, N. J., & Fong, C. M. (2010). Green Product Quality, Green Corporate Image, Green Customer Satisfaction, and Green Customer Loyalty. African Journal of Business Management, 4(13), 2836–2844. Chang, N. J., & Fong, C. M. (2010). Green Product Quality, Green Corporate Image, Green Customer Satisfaction, and Green Customer Loyalty. African Journal of Business Management, 4(13), 2836–2844.
go back to reference Fullwiler, S. T. (2015). Sustainable Finance, Building a More General Theory of Finance. Binzagr Institute for Sustainable Prosperity, Working Paper No. 106. Fullwiler, S. T. (2015). Sustainable Finance, Building a More General Theory of Finance. Binzagr Institute for Sustainable Prosperity, Working Paper No. 106.
go back to reference Gupta, J. (2015). Role of Green Banking in Environment Sustainability – A Study of Selected Commercial Banks in Himachal Pradesh. International Journal of Multidisciplinary Research and Development., 2(8), 349–353. Gupta, J. (2015). Role of Green Banking in Environment Sustainability – A Study of Selected Commercial Banks in Himachal Pradesh. International Journal of Multidisciplinary Research and Development., 2(8), 349–353.
go back to reference Hossain, M. Z., Ahmed, M., & Nisha, N. (2015). Chapter 3: Consumer Attitudes and Perception towards Green Banking in Bangladesh. In Green Banking in Bangladesh and Beyond. Bangladesh: Zaman Printing and Packaging. Hossain, M. Z., Ahmed, M., & Nisha, N. (2015). Chapter 3: Consumer Attitudes and Perception towards Green Banking in Bangladesh. In Green Banking in Bangladesh and Beyond. Bangladesh: Zaman Printing and Packaging.
go back to reference Kärnä, J., Hansen, E., & Juslin, H. (2003). Social Responsibility in Environmental Marketing Planning. European Journal of Marketing, 37(5/6), 848–871. CrossRef Kärnä, J., Hansen, E., & Juslin, H. (2003). Social Responsibility in Environmental Marketing Planning. European Journal of Marketing, 37(5/6), 848–871. CrossRef
go back to reference Katyal, S., & Nagpal, S. (2014). Role of Green Banking in Sustainable Development of India. International Journal of 360 Management Review, 02(01), 2320–7132. Katyal, S., & Nagpal, S. (2014). Role of Green Banking in Sustainable Development of India. International Journal of 360 Management Review, 02(01), 2320–7132.
go back to reference Lin, Y., Yang, S., Hanifah, H., & Iqbal, Q. (2018). An Exploratory Study of Consumer Attitudes Toward Green Cosmetics in the UK Market. Administrative Sciences, 8(4), 71. CrossRef Lin, Y., Yang, S., Hanifah, H., & Iqbal, Q. (2018). An Exploratory Study of Consumer Attitudes Toward Green Cosmetics in the UK Market. Administrative Sciences, 8(4), 71. CrossRef
go back to reference Naidu, V. K., & Paramasivan, C. (2015). A Study on Green Banking Trends in India. SELP Journal of Social Science, 4(10), 2349–1647. Naidu, V. K., & Paramasivan, C. (2015). A Study on Green Banking Trends in India. SELP Journal of Social Science, 4(10), 2349–1647.
go back to reference Noh, H. J. (2010). Financial Strategy to Accelerate Innovation for Green Growth. Korea Capital Market Institute, pp. 2–3, 10. Noh, H. J. (2010). Financial Strategy to Accelerate Innovation for Green Growth. Korea Capital Market Institute, pp. 2–3, 10.
go back to reference Piketty, T. (2015). The Economics of Inequality. Cambridge, MA; London: The Belknap Press of Harvard University Press. CrossRef Piketty, T. (2015). The Economics of Inequality. Cambridge, MA; London: The Belknap Press of Harvard University Press. CrossRef
go back to reference Pisano, U., Martinuzzi, A., & Bruckner, B. (2012). The Financial Sector and Sustainable Development: Logics, Principles and Actors. ESDN Quarterly Report, No. 27. Pisano, U., Martinuzzi, A., & Bruckner, B. (2012). The Financial Sector and Sustainable Development: Logics, Principles and Actors. ESDN Quarterly Report, No. 27.
go back to reference Volz, U., Böhnke, J., Eidt, V., Knierim, L., Richert, K., & Roeber, G. M. (2015). Empirical Analysis of Supply of and Demand for Green Finance in Indonesia, Financing the Green Transformation (pp. 56–94). London: Palgrave Macmillan. Volz, U., Böhnke, J., Eidt, V., Knierim, L., Richert, K., & Roeber, G. M. (2015). Empirical Analysis of Supply of and Demand for Green Finance in Indonesia, Financing the Green Transformation (pp. 56–94). London: Palgrave Macmillan.
go back to reference Ziolo, M., Fidanoski, F., Simeonovski, K., Filipovski, V., & Jovanovska, K. (2016). Sustainable Finance Role in Creating Conditions for Sustainable Economic Growth and Development. In F. W. Leal, D. M. Pociovalisteanu, & A. Al-Amin (Eds.), Sustainable Economic Development. Cham: Springer. Ziolo, M., Fidanoski, F., Simeonovski, K., Filipovski, V., & Jovanovska, K. (2016). Sustainable Finance Role in Creating Conditions for Sustainable Economic Growth and Development. In F. W. Leal, D. M. Pociovalisteanu, & A. Al-Amin (Eds.), Sustainable Economic Development. Cham: Springer.
Metadata
Title
Green Finance Concept: Framework and Consumerism
Author
Marwa Ben Ghoul
Copyright Year
2019
Publisher
Springer International Publishing
DOI
https://doi.org/10.1007/978-3-030-16522-2_12