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  • Μικρογραφία εικόνας
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    The great green transition: the rationale, motives & paths towards a green economy
    (2022) Giagkou, Angeliki; Γιάγκου, Αγγελική; Athens University of Economics and Business, Department of International and European Economic Studies; Chatzistamoulou, Nikos; Chalkos, Georgios; Koundouri, Phoebe
    Despite the heavy dependency of economic growth upon environmental conservation, natural resources have not always been perceived as a precondition of our survival and growth, but rather as commodities of a free market. Given that economic development and social welfare have been thriving against a worsening natural environment, it is imperative that we alter our habitual behavior, otherwise climate-related events are expected to highly devalue the global economy in the coming decades. To this end, substantial changes are required from all key market participants (institutional investors, national governments, supranational bodies and central banks), who should shift towards more sustainable and resilient economic models. In this regard, financial innovation is considered to be a prime mover.