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Role of Green & Transition Finance in Achieving Carbon Neutrality

Editors and conference Co-chairs:
Dr. Suk Hyun, Yonsei University & Green Finance Forum-Korea, Republic of Korea
Dr. Farhad Taghizadeh-Hesary, Tokai University, Japan
Dr. Inhyung Lee, Korea Capital Market Institute (KCMI), Republic of Korea

Conference date and location (hybrid): Sep 22, 2023; Seoul, Republic of Korea
Co-organizers: Yonsei University and Tokai University

Background: An increasing number of governments are setting national strategies for achieving carbon-neutral societies. Is it enough? Of course not. The current investment levels in carbon-neutral projects in most countries are insufficient to meet the climate-related goals set by different countries. (Taghizadeh-hesary and Yoshino, 2019).
To reduce Greenhouse gases (GHGs) to achieve carbon neutrality, countries need to scale up the financing of investments that provide environmental benefits, known as “Green Finance.” (Sachs et al., 2019). In addition, new financing approaches and instruments to reduce GHG, known as “Transition Finance,” need to be considered. Transition finance aims to support companies trying to steadily reduce GHG emissions under a long-term strategy to achieve a decarbonized society (METI, 2022). OECD proposed the transition finance toolkit. The Japanese government has been an early advocate of the importance of transition finance and has promoted various initiatives (FSA, 2022). Japan set the guidelines for the transition finance incentives. However, the effectiveness of these policies in reducing GHGs needs to be empirically assessed. In addition, looking for innovative financing methods is essential to ease green projects’ access to stable and cheap financing. Innovative finance needs to be in three dimensions: institutional innovation, innovation in products, and processes (Taghizadeh-Hesary, Aboojafari, and Yoshino, 2022)

This call for chapters seeks theoretical and empirical and case studies of innovative and market-based solutions to green and transition finance that can help achieve decarbonized societies. Successful manuscripts will be developed into chapters for a book volume dedicated to providing policy recommendations for developing green and transition finance strategies for governments based on a sound theoretical framework.

More information is on the call for papers section on the PDF file.