A review of studies on green finance of banks, research gaps and future directions
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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
Taylor & Francis Group
Abstract
With growing global concern for environmental protection, climate
change and sustainable development, policymakers and
researchers have recently focused on green finance. In this study,
existing studies on green finance in the context of the banking
sector have been reviewed with considerations on products and
determinants of green finance. The content analysis approach has
been used to critically analyse and summarize forty-six (46)
relevant studies. The results found green securities, green
investments, climate finance, carbon finance, green insurance,
green credit and green infrastructural bonds as part of key green
finance products of banks. Pertinent determinants the study
found to be influencing green finance policies from banks include
environmental and climate change policies, interest rates,
religion, risks, social inclusion and social justice as well as banking
regulations. In theory, this study provides a guide for further
studies. The results of the study will assist banks on the key
issues to consider in adopting, developing and granting green
finance.
Description
Research Article
Keywords
Bank, content analysis, determinants, green finance, review article