The paper Harnessing Public Trade Finance to Foster a Green Economy in Developing Countries: Current State of Play and Way Forward investigates the potential to harness trade finance to foster the development of a green economy in developing countries.
The objectives of this paper are twofold. First, the current state of play in trade finance is investigated. The authors show a double centralization of flows - sectoral and geographical - fuelled by the undermining of institutions’ original mandates. They also highlight the shortcomings of the recent ‘do no harm’ regulations implemented in the sector. Secondly, building on the ever-increasing interest in green trade, they formulate recommendations for public agencies to ‘do good’ by bridging the financing gap and being a driving force of the shift to a sustainable world.
In order to tackle these questions, this research conducts a quantitative and qualitative analysis of trade finance flows from the world’s leading trade finance institutions over the last decade. Data is taken from the International Union of Credit & Investment Insurers and the Organisation for Economic Co-operation and Development. The theoretical analysis builds on an extensive literature review and the examination of reforms undertaken in the public and private trade finance sectors.
This publication (the 10th edition of Greenhouse Gas Market) brings together carbon market professionals, policymakers, academics and NGOs to provide in-depth analysis and perspective on the main issues affecting carbon policy worldwide.