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Learning From the Global Financial CrisisCreatively, Reliably, and Sustainably$
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Paul Shrivastava and Matt Statler

Print publication date: 2012

Print ISBN-13: 9780804770095

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804770095.001.0001

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Green Financing After the Global Financial Crisis

Green Financing After the Global Financial Crisis

Chapter:
(p.213) 13 Green Financing After the Global Financial Crisis
Source:
Learning From the Global Financial Crisis
Author(s):

Perry Sadorsky

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804770095.003.0014

This chapter discusses green financing, arguing that this type of financing is increasingly necessary for the world economy to move toward sustainability. It examines four economic recovery scenarios: U-shaped recovery, V-shaped recovery, stagflation, and deflation. It also assesses the impacts that each of these scenarios will have on the future of green financing. Some countries are seeing stimulus investing as an opportunity to transform into sustainable economies. For instance, South Korea has devoted 20 percent of its stimulus spending to environmental measures and thus has the greenest fiscal stimulus package.

Keywords:   global economy, economic recovery, stagflation, deflation, stimulus investing, South Korea, environmental measures

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