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This book provides a detailed yet succinct overview of sustainable finance, with a specific focus on its origins, its policy focus and the practitioner dimension. With fossil fuel companies still attracting investment and subsidy across the world, the book describes how we can reverse these incentives, using the power of finance to tackle the climate and ecological crises. The world of finance is moving beyond the era of ethical investment and into a future where all financial companies will have to report the climate impact of their investments. This is the first stage towards full-scale ESG reporting (Environmental, Social and Governance). Since financial reporting depends on information provided by companies who receive investment, this has huge implications for non-financial reporting by all large companies. The timeline for these legal changes is short for what will be a transformation of financial accounting and investment. The book also covers the related issues of climate finance and the role of central and public banks in funding the transition to sustainability, and how we can ensure accountability for countries bearing the brunt of the impact from those with the largest responsibility for historic emissions. This book will enable those working in these fields to update their knowledge and skills, and brings together the author's practical experience as an MEP with her academic insight as the first professor of green economics.

Part I: Setting the scene -- Introduction: an economy within the environment -- The whistle-blowers -- Part II: Economic schools and the environment -- Neoclassical economics -- Environmental economics -- Ecological economics -- Green economics -- Anti-capitalist economics -- Part III: Issues and policies -- A range of policy approaches -- Economic growth -- Climate change: the greatest example of market failure? -- All that the earth provides: the economics of resources -- Pollution -- Globalization vs. localization -- Markets or commons -- Conclusion: Is it the economy? Are we stupid?

"In a world of climate change and declining oil supplies, what is the plan for the provisioning of resources? Green economists suggest a need to replace the globalised economy, and its extended supply chains, with a more 'local' economy. But what does this mean in more concrete terms? How large is a local economy, how self-reliant can it be, and what resources will still need to be imported? The concept of the 'bioregion' - developed and popularised within the disciplines of earth sciences, biosciences and planning - may facilitate the reconceptualisation of the global economy as a system of largely self-sufficient local economies. A bioregional approach to economics assumes a different system of values to that which dominates neoclassical economics. The global economy is driven by growth, and the consumption ethic that matches this is one of expansion in range and quantity. Goods are defined as scarce, and access to them is a process based on competition. The bioregional approach challenges every aspect of that value system. It seeks a new ethic of consumption that prioritises locality, accountability and conviviality in the place of expansion and profit; it proposes a shift in the focus of the economy away from profits and towards provisioning; and it assumes a radical reorientation of work from employment towards livelihood. This book by leading green economist Molly Scott Cato sets out a visionary and yet rigorous account of what a bioregional approach to the economy would mean - and how to get there from here"--EBL.

As environmental issues move to the centre of the political debate, more attention is being focused on the role our economy has played in creating the ecological crisis, and what a sustainable economy might look like. In spite of the success of the enviro.