Date

2019

Major

Finance (BBA)

Document Type and Release Option

Thesis (open access)

Faculty Mentor

Axel Grossmann

Abstract

The earth is at risk for irreversible damage if the carbon footprint of humans is not drastically reduced immediately. The power of financial institutions to initiate change has been utilized by countries around the world against climate change. Financial systems known as green banks mitigate the risks associated with financing environmental projects. Through an examination of the financial performance of major green banks in the United States and the green energy superpowers, the paper discovers Green Banking is not only socially responsible by supporting a clean environment, but also produces a profitable fiscal environment. In this paper, I will explore the use of financial tools to stimulate the investment of green technology and infrastructure to reduce carbon emissions, its use in China and Germany, and compare it to the status and potential of green banking in the United States.

Thesis Summary

The earth is at risk for irreversible damage if the carbon footprint of humans is not drastically reduced immediately. Green Banking is one method to change the environmental impact of society and has proved to be socially responsible and economically enticing.

Share

COinS