Development Banks and the Green Transition
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- ISBN 9781032701448
- Weight: 520g
- Dimensions: 156 x 234mm
- Publication Date: 09 Dec 2025
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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The greatest challenge humanity faces in the 21st century is the climate crisis. A successful green transition towards a sustainable economy requires various policy initiatives, including promoting innovation, financing, and tax incentives for selected activities, cheap credit, and subsidies. To achieve these aims, a massive redistribution of capital will be necessary, requiring cooperation between public and private sectors, the States, and civil society.
This book introduces the idea of a “Sustainable Development Convention”. A convention is a form of social production and shared knowledge that establishes collective reality. The Sustainable Development Convention is proposed in opposition to the neoliberal convention, according to which pure market coordination is superior to State coordination. The Sustainable Development Convention intends to effect a radical change in both the mission and actions of the State, developing new economic policy tools and institutions focusing on the green transition. In particular, the transition calls for a complete reordering of financial systems and capital flows, making the actions of development banks ever more critical. Development banks have been essential institutions in promoting public policies worldwide – their credit and other forms of finance and cooperation have been central tools in catching-up processes for developing and emerging economies. In times of structural change, such as the green transition, development banks are required to play a central role.
This book marks a significant addition to the literature on development banks, the green transition, the political economy of climate change, and economic and monetary policy.
Fernanda Feil is the Sustainable Finance Director at the Brazilian Sustainable Finance Centre (CeFiS) and a Professor at Federal Fluminense University (UFF), where she teaches courses in sustainable finance and co-leads the Research Group on Financialization and Development (FINDE).
Carmem Feijó is the Academic Director at the Brazilian Sustainable Finance Centre (CeFiS) and a Full Professor of the Economics Department of UFF (Fluminense Federal University), Brazil, and a Senior Researcher at CNPq (the National Council for Scientific and Technological Development of Brazil).
Carlos Henrique Horn is an economist and a Full Professor at the Faculty of Economic Sciences of the Federal University of Rio Grande do Sul (UFRGS), Brazil and holds a PhD from the London School of Economics (LSE).
