에너지산업과 금융시장의 법리
Sustainable Finance Related to Financial Market
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In these days, private financial sectors are playing important role in environmental regulation. Whilst environmental issues have traditionally been at the margins of decision-making in the financial services sector, evidence suggests that in recent years aspects of environmental protection have become of interest to financial organizations, both in terms of their own use of internal resources and, more saliently, control of their client's environmental activities. The energy sector relies heavily on large-scale projects, advanced technology, and complex infrastructure, and thus relies heavily on project finance and other investments from international financial institutions (IFIs). The average annual investment in energy is increasing, particularly in the developing world. IFIs have the potential to profoundly affect future energy paths. Civil society advocates are pressuring IFIs to develop a variety of environmental and social policies that can influence the types of energy projects they will finance and how those projects must be implemented. Controversy around such projects affects the availability and conditionality of international finance for future proposed energy projects. More recently, civil society activists have also begun to focus on the climate change impacts of IFI energy lending, and have begun to push changes they hope will shift IFI lending portfolios away from fossil fuel projects towards renewable energy or energy efficiency investments. These trends can be expected to continue in the future, with increasingly strict standards applying to the energy sector. New policies that emerge from those trends will likely continue to shape the path of energy development in the future.
Abstract
In these days, private financial sectors are playing important role in environmental regulation. Whilst environmental issues have traditionally been at the margins of decision-making in the financial services sector, evidence suggests that in recent years aspects of environmental protection have become of interest to financial organizations, both in terms of their own use of internal resources and, more saliently, control of their client's environmental activities. The energy sector relies heavily on large-scale projects, advanced technology, and complex infrastructure, and thus relies heavily on project finance and other investments from international financial institutions (IFIs). The average annual investment in energy is increasing, particularly in the developing world. IFIs have the potential to profoundly affect future energy paths. Civil society advocates are pressuring IFIs to develop a variety of environmental and social policies that can influence the types of energy projects they will finance and how those projects must be implemented. Controversy around such projects affects the availability and conditionality of international finance for future proposed energy projects. More recently, civil society activists have also begun to focus on the climate change impacts of IFI energy lending, and have begun to push changes they hope will shift IFI lending portfolios away from fossil fuel projects towards renewable energy or energy efficiency investments. These trends can be expected to continue in the future, with increasingly strict standards applying to the energy sector. New policies that emerge from those trends will likely continue to shape the path of energy development in the future.
참고문헌 (16)
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