Abstract
The modern financial system has enabled a globalized economy by leveraging investments for production, consumption, and the trade of goods and services. However, this system has also engendered a series of wicked problems and externalities, including but not limited to climate change, environmental pollution, biodiversity loss, and inequalities that significantly challenge the well-being of nature and people. The system is also currently inadequate with regards to financing sustainable development, as recognized by the 2015 Addis Ababa Action Agenda.
Original language | English |
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Pages (from-to) | 1271-1276 |
Number of pages | 6 |
Journal | One Earth |
Volume | 6 |
Issue number | 10 |
DOIs |
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Publication status | Published - 20 Oct 2023 |
Keywords
- Sustainable
- Finance
- Externalities
- Sustainable finance