The quest for global green finance participation: Developing countries and barriers to full participation

We examine the case for developing countries’ participation in the ‘green finance’ debate, which deserves reconsideration given the current lack of clarity and agreement on a universal definition of green finance. We demonstrate that initiatives aimed at curbing the worst environmental excesses tend to be characterized by a ‘them and us’ mentality. Developing countries have been marginalized from participating and contributing meaningfully to the debate, with serious ongoing consequences. The only way to meet sustainability priorities with the potential for long-lasting change is to encourage countries to work together in genuinely collaborative partnerships.

This is an Accepted Manuscript of a book chapter published by Routledge in The Routledge Handbook of Green Finance on November 8, 2023, available online: http://www.routledge.com/9781032385297
It is deposited under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.