Environmental finance
Encyclopedia
Environmental Finance is the use of various financial instruments
(most notably land trust
s and [Emissions trading]) to protect the environment. The field is part of both environmental economics
and the conservation movement
.
Dr. Gretchen Daily, of Stanford University
has written a book, The New Economy of Nature that addresses the issue of financing ecosystem services
.
Dr. Jürg P. Blum, defined the term environmental finance (Dissertation: Corporate Environmental Responsibility and Corporate Economic Performance..... 1994 at USIU)as a fairly new field, "concerned mainly with finance and investment regarding the ecological environment. The term environment, although frequently used in areas, such as strategic management (Ansoff, 1968), has been popularized throughout literature synonymously with the term ecological environment."
Financial instruments
A financial instrument is a tradable asset of any kind, either cash; evidence of an ownership interest in an entity; or a contractual right to receive, or deliver, cash or another financial instrument....
(most notably land trust
Land trust
There are two distinct definitions of a land trust:* a private, nonprofit organization that, as all or part of its mission, actively works to conserve land by undertaking or assisting in land or conservation easement acquisition, or by its stewardship of such land or easements; or* an agreement...
s and [Emissions trading]) to protect the environment. The field is part of both environmental economics
Environmental economics
Environmental economics is a subfield of economics concerned with environmental issues. Quoting from the National Bureau of Economic Research Environmental Economics program:...
and the conservation movement
Conservation movement
The conservation movement, also known as nature conservation, is a political, environmental and a social movement that seeks to protect natural resources including animal, fungus and plant species as well as their habitat for the future....
.
Dr. Gretchen Daily, of Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
has written a book, The New Economy of Nature that addresses the issue of financing ecosystem services
Ecosystem services
Humankind benefits from a multitude of resources and processes that are supplied by natural ecosystems. Collectively, these benefits are known as ecosystem services and include products like clean drinking water and processes such as the decomposition of wastes...
.
Dr. Jürg P. Blum, defined the term environmental finance (Dissertation: Corporate Environmental Responsibility and Corporate Economic Performance..... 1994 at USIU)as a fairly new field, "concerned mainly with finance and investment regarding the ecological environment. The term environment, although frequently used in areas, such as strategic management (Ansoff, 1968), has been popularized throughout literature synonymously with the term ecological environment."
See also
- Carbon creditCarbon creditA carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent equivalent to one tonne of carbon dioxide....
- Carbon FinanceCarbon financeCarbon finance is a new branch of Environmental finance. Carbon finance explores the financial implications of living in a carbon-constrained world, a world in which emissions of carbon dioxide and other greenhouse gases carry a price....
- Carbon projectCarbon projectA carbon project refers to a business initiative that receives funding because of the cut the emission of greenhouse gases that will result...
- Emission trading
- Environmental accounting
- Environmental economicsEnvironmental economicsEnvironmental economics is a subfield of economics concerned with environmental issues. Quoting from the National Bureau of Economic Research Environmental Economics program:...
- Environmental enterpriseEnvironmental enterpriseEnvironmental Enterprise refers to environmentally friendly/compatible business. Specifically, an environmental enterprise is a business that produces value in the same manner which an ecosystem does, neither producing waste nor consuming unsustainable resources. The concept is rooted in the...
- Environmental impact assessmentEnvironmental impact assessmentAn environmental impact assessment is an assessment of the possible positive or negative impact that a proposed project may have on the environment, together consisting of the natural, social and economic aspects....
- Environmental pricing reformEnvironmental pricing reformEnvironmental pricing reform is the process of adjusting market prices to include environmental costs and benefits.An externality exists where a market price omits environmental costs and/or benefits...
- Fiscal environmentalismFiscal environmentalismFiscal Environmentalism is a hybrid term of two traditional and often conflicting philosophies, environmentalism and fiscal conservatism, created to emphasize the growing understanding of the middle ground between the two, where the goals of each are simultaneously fulfilled...
- Kyoto ProtocolKyoto ProtocolThe Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...