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Sustainable Development

Handbook of Green Finance

Energy Security and Sustainable Development

Editors: Sachs, J., Thye, W.W., Yoshino, N., Taghizadeh-Hesary, F. (Eds.)

  • First handbook to explain ways to finance local projects for implementing SDGs in the context of the 2030 Agenda for Sustainable Development 
  • Explores innovative way of development and climate finance to support local economies in their efforts to enhance socioeconomic development and attract private investments to businesses by keeping a high rate of return from green energy
  • Connects the concept of hometown investment trust funds with that of development and climate finance
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  • ISBN 978-981-13-0228-2
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Print ca. $249.00
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  • Due: February 26, 2019
  • ISBN 978-981-13-0226-8
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eReference  
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About this book

This handbook addresses the issues local economies may encounter in the context of the 2030 Agenda for Sustainable Development and innovative ways to finance local projects for implementing the Sustainable Development Goals (SDGs). The goal of this publication is to explore an innovative way of development and climate finance to support local economies in their effort to enhance socio-economic development and attract private investments to the businesses by keeping high rate of return from green energy.

Even though so-called "green projects” are closely linked to local development, in many cases, the projects are funded, therefore, selected and managed by central governments. On the other hand, local governments that are trying to implement their own development plan repeatedly face difficulties in financing their vital projects. The idea of Hometown Investment Trust (HIT) funds developed Prof. Naoyuki Yoshino, Dean of ADBI, suggests a way to channel funds to local governments and businesses so as to enable them to carry out their development and business plans, without relying to much on indirect financing. If properly coordinated, public investment funded by development or/and climate finance can benefit directly local businesses and stimulate further private investment and local economic growth. This feature of public finance is a key factor of improving aid effectiveness, and should be emphasized in the context of achieving the SDGs.

About the authors

Jeffrey Sachs serves as Director of the Center for Sustainable Development at Columbia University.  He is University Professor at Columbia University, the university’s highest academic rank.  During 2002 to 2016 he served as the Director of the Earth Institute.  Sachs is Special Advisor to United Nations Secretary-General António Guterres on the Sustainable Development Goals, and previously advised UN Secretary-General Ban Ki-moon on both the Sustainable Development Goals and Millennium Development Goals and UN Secretary-General Kofi Annan on the Millennium Development Goals. Sachs is currently Director of the UN Sustainable Development Solutions Network under the auspices of UN Secretary-General António Guterres, and a Commissioner of the ITU/UNESCO Broadband Commission for Development. He is Chair and Founder of SDG USA, a non-governmental initiative to promote the Sustainable Development Goal concepts in the United States. Sachs is also co-founder and Chief Strategist of Millennium Promise Alliance, and was director of the Millennium Villages Project (2005-2015).

Wing Thye Woo is Professor at University of California at Davis; Professor at Sunway University in Kuala Lumpur (heading the Jeffrey Cheah Institute on Southeast Asia and the Jeffrey Sachs Center on Sustainable Development); Professor at Fudan University in Shanghai, Professor at the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences in Beijing; Distinguished Fellow at the Penang Institute; and Director of the East Asian Program within the Center for Sustainable Development at Columbia University.

Naoyuki Yoshino is Dean of the Asian Development Bank Institute (ADBI), Chief Advisor at the Japan Financial Services Agency’s (FSA) Financial Research Center (FSA Institute), and Professor Emeritus of Keio University, Tokyo, Japan. He obtained his PhD from Johns Hopkins University in 1979. His thesis supervisor was Sir Alan Walters, economic adviser to former British Prime Minister Margaret Thatcher. Dr. Yoshino has been a visiting scholar at the Massachusetts Institute of Technology (United States) and a visiting professor at various universities including the University of New South Wales (Australia), Fondation Nationale des Sciences Politiques (France), and University of Gothenburg (Sweden). He has also been an assistant professor at the State University of New York at Buffalo and an economics professor at Keio University. He was appointed as Chair of the Financial Planning Standards Board in 2007. He has served as Chairperson of the Japanese Ministry of Finance’s Council on Foreign Exchange as well as its Fiscal System Council (Fiscal Investment and Loan Program Section). Additionally, he has been a Board Member of the Deposit Insurance Corporation of Japan and President of the Financial System Council of the Government of Japan. He was nominated for inclusion in Who’s Who in the World for 2009 and 2013. In recognition of his wide-ranging scholarship and contribution to policy formulation, Dr. Yoshino was conferred honorary doctorates by the University of Gothenburg (Sweden) in 2004 and Martin Luther University of Halle-Wittenberg (Germany) in 2013. He also received the Fukuzawa Award for his contribution to academic research in 2013.

Farhad Taghizadeh-Hesary is Assistant Professor of Economics at the School of Economics, Keio University. He received his Ph.D. Degree in Energy Economics from Keio University under the supervision of Prof. Naoyuki Yoshino. Presently he is also a Visiting Scholar at the Institute of Energy Economics of Japan (IEEJ). Currently, He is also Research Assistant to Dean of the Asian Development Bank Institute (ADBI). He has extensive publications in energy economics, monetary policy and finance.


Buy this book

Print + eBook  
  • ISBN 978-981-13-0228-2
  • Free shipping for individuals worldwide
Print ca. $249.00
price for USA in USD
  • Due: February 26, 2019
  • ISBN 978-981-13-0226-8
  • Free shipping for individuals worldwide
eReference  
  • ISBN 978-981-13-0227-5
  • Free shipping for individuals worldwide

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Bibliographic Information

Bibliographic Information
Book Title
Handbook of Green Finance
Book Subtitle
Energy Security and Sustainable Development
Editors
  • Jeffrey Sachs
  • Woo Wing Thye
  • Naoyuki Yoshino
  • Farhad Taghizadeh-Hesary
Series Title
Sustainable Development
Copyright
2019
Publisher
Springer Singapore
Copyright Holder
Asian Development Bank Institute
Print + eBook ISBN
978-981-13-0228-2
Print ISBN
978-981-13-0226-8
eReference ISBN
978-981-13-0227-5
Edition Number
1
Number of Pages
X, 490
Topics