Skip to main content
SpringerLink
Log in

Green Finance Concept: Framework and Consumerism

  • Chapter
  • First Online:
Financing Sustainable Development

Part of the book series: Palgrave Studies in Impact Finance ((SIF))

Abstract

Sustainability has begun to receive more attention from the international community as a crucial pillar for economic growth and an active driver for protection of the environment. Therefore, financial institutions have become more aware of their responsibility to contribute to sustainable development. To fulfill this responsibility, several financial institutions have adopted the concept of green finance. This research consists in outlining the green finance concept and assessing the level of knowledge and awareness among consumers about green finance products and services via an exploratory analysis. The main findings of this research are that most of the respondents were aware of environmental problems, however many of them had limited knowledge about sustainability and remarkably no knowledge about green finance. Moreover, despite the green finance concept facing big challenges related to data protection and security maintenance, it has several opportunities to be improved and widely applied.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    PricewaterhouseCoopers (PWC) (2013): Exploring Green Finance Incentives in China, PWC.

References

  • Ali, M. J., Jony, M. J. A., & Shakil, A. (2017). Consumer Perception Towards Green Practice: An Empirical Study on Young Consumer from Bangladesh Perspective. Journal of Economics and Sustainable Development, 8(23).

    Google Scholar 

  • Chang, N. J., & Fong, C. M. (2010). Green Product Quality, Green Corporate Image, Green Customer Satisfaction, and Green Customer Loyalty. African Journal of Business Management, 4(13), 2836–2844.

    Google Scholar 

  • Fullwiler, S. T. (2015). Sustainable Finance, Building a More General Theory of Finance. Binzagr Institute for Sustainable Prosperity, Working Paper No. 106.

    Google Scholar 

  • Gupta, J. (2015). Role of Green Banking in Environment Sustainability – A Study of Selected Commercial Banks in Himachal Pradesh. International Journal of Multidisciplinary Research and Development., 2(8), 349–353.

    Google Scholar 

  • Höhne, N., Khosla, S., Fekete, H., & Gilbert, A. (2012). Mapping of Green Finance Delivered by IDFC Members in 2011. Frankfurt: IDFC, Supported by Ecofys. Retrieved from http://www.idfc.org/Downloads/Publications/01_green_finance_mappings/IDFC_Green_Finance_Mapping_Report_2012_06-14-12.pdf.

  • Hossain, M. Z., Ahmed, M., & Nisha, N. (2015). Chapter 3: Consumer Attitudes and Perception towards Green Banking in Bangladesh. In Green Banking in Bangladesh and Beyond. Bangladesh: Zaman Printing and Packaging.

    Google Scholar 

  • Kärnä, J., Hansen, E., & Juslin, H. (2003). Social Responsibility in Environmental Marketing Planning. European Journal of Marketing, 37(5/6), 848–871.

    Article  Google Scholar 

  • Katyal, S., & Nagpal, S. (2014). Role of Green Banking in Sustainable Development of India. International Journal of 360 Management Review, 02(01), 2320–7132.

    Google Scholar 

  • Lalon, R. M. (2015). Green Banking: Going Green. International Journal of Economics, Finance and Management Sciences, 3, 34–42. https://doi.org/10.11648/j.ijefm.20150301.15.

    Article  Google Scholar 

  • Lin, Y., Yang, S., Hanifah, H., & Iqbal, Q. (2018). An Exploratory Study of Consumer Attitudes Toward Green Cosmetics in the UK Market. Administrative Sciences, 8(4), 71.

    Article  Google Scholar 

  • Lindenberg, N. (2014). Definition of Green Finance. Retrieved from https://www.cbd.int/financial/gcf/definition-greenfinance.pdf.

  • Naidu, V. K., & Paramasivan, C. (2015). A Study on Green Banking Trends in India. SELP Journal of Social Science, 4(10), 2349–1647.

    Google Scholar 

  • Neeveditah, P. M., Munusami, N., & Ansaram, K. (2017). A Customer’s Perspective of Green Banking: A Case Study of Commercial Banks in Mauritius. Theoretical Economics Letters, 7, 1975–1985. Retrieved from http://www.scirp.org/journal/tel.

    Article  Google Scholar 

  • Noh, H. J. (2010). Financial Strategy to Accelerate Innovation for Green Growth. Korea Capital Market Institute, pp. 2–3, 10.

    Google Scholar 

  • Piketty, T. (2015). The Economics of Inequality. Cambridge, MA; London: The Belknap Press of Harvard University Press.

    Book  Google Scholar 

  • Pisano, U., Martinuzzi, A., & Bruckner, B. (2012). The Financial Sector and Sustainable Development: Logics, Principles and Actors. ESDN Quarterly Report, No. 27.

    Google Scholar 

  • Rakic´, S., & Mitic´, P. (2012). Green Banking - Green Financial Products with Special Emphasis on Retail Banking Products. Conference Paper. Retrieved from https://www.researchgate.net/publication/262635208.

  • Scholtens, B. (2009). Corporate Social Responsibility in the International Banking Industry. Journal of Business Ethics, 86(2), 159–175. https://doi.org/10.1007/s10551-008-9841-x.

    Article  Google Scholar 

  • Ullah, A. (2018). Consumer’s Beliefs and Attitudes toward Green Marketing in Bangladesh. Journal of Accounting and Marketing., 7(3), 7–291. https://doi.org/10.4172/2168-9601.1000291.

    Article  Google Scholar 

  • Volz, U., Böhnke, J., Eidt, V., Knierim, L., Richert, K., & Roeber, G. M. (2015). Empirical Analysis of Supply of and Demand for Green Finance in Indonesia, Financing the Green Transformation (pp. 56–94). London: Palgrave Macmillan.

    Google Scholar 

  • Wilson, C. (2010). Why Should Sustainable Finance Be Given Priority? Lessons from Pollution and Biodiversity Degradation. Accounting Research Journal, 23(3), 267–280. https://doi.org/10.1108/10309611011092592.

    Article  Google Scholar 

  • Ziolo, M., Ben Ghoul, M., & Aydın, H. I. (2018, April). Financial Stability Versus Sustainable Development and Its Financing. In B. Sergi, F. Fidanoski, M. Ziolo, & V. Naumovski (Eds.), Regaining Global Stability After the Financial Crisis. IGI Global Publishing House. Retrieved from https://www.igi-global.com/gateway/chapter/202072#pnlRecommendationForm.

  • Ziolo, M., Fidanoski, F., Simeonovski, K., Filipovski, V., & Jovanovska, K. (2016). Sustainable Finance Role in Creating Conditions for Sustainable Economic Growth and Development. In F. W. Leal, D. M. Pociovalisteanu, & A. Al-Amin (Eds.), Sustainable Economic Development. Cham: Springer.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Anadolu University, Eskişehir, Turkey

    Marwa Ben Ghoul

Authors
  1. Marwa Ben Ghoul
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Faculty of Economics and Management, University of Szczecin, Szczecin, Poland

    Magdalena Ziolo

  2. Davis Center for Russian and Eurasian Studies, Harvard University, Cambridge, MA, USA

    Bruno S. Sergi

Rights and permissions

Reprints and permissions

Copyright information

© 2019 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Ben Ghoul, M. (2019). Green Finance Concept: Framework and Consumerism. In: Ziolo, M., Sergi, B.S. (eds) Financing Sustainable Development. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-16522-2_12

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-16522-2_12

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-16521-5

  • Online ISBN: 978-3-030-16522-2

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation