Handbook of Environmental and Sustainable Finance

by Vikash Ramiah, Greg N. Gregoriou

Overview

The use of financial concepts and tools to shape development is hardly new, but their recent adoption by advocates of sustainable environmental management has created opportunities for innovation in business and regulatory groups. The Handbook of Environmental and Sustainable Finance summarizes the latest trends and attitudes in environmental finance, balancing empirical research with theory and applications. It captures the evolution of environmental finance from a niche scholarly field to a mainstream subdiscipline, and it provides glimpses of future directions for research. Covering implications from the Kyoto and Paris Protocols, it presents an intellectually cohesive examination of problems, opportunities, and metrics worldwide.

Product Details

ISBN-13:	9780128036150
Publisher:	Elsevier Science
Publication date:	11/03/2015
Pages:	510
Product dimensions:	7.60(w) x 9.40(h) x 1.10(d)

About the Author

Dr Vikash Ramiah is an Associate Professor in Applied Finance at University of South Australia. He has a Diploma of Management, B. Sc. (Hons) Economics, Master of Finance program & Doctor of Philosophy from RMIT University. He has received numerous awards for outstanding performance in teaching, research and supervision. Vikash has been teaching economics and finance courses at UNISA, RMIT, University of Melbourne, La Trobe University and Australian Catholic University since 1999. He has published in academic journals (e.g Journal of Banking and Finance, International Review of Finance, Journal of Behavioral Finance, European Journal of Finance, Applied Economics, International Review of Financial Analysis, Pacific Basin Finance Journal and Journal of International Financial Market, Institution and Money), industry reports, books, book chapters, and conference papers. Vikash supervises numerous PhD students and regularly attracts research funding. He is an expert reviewer for several finance journals and for the Mauritius Research Council. He serves on the editorial board of finance journals. He was an elected board member of the RMIT University Business Board, program Director of Open Universities Australia and acting Board member at the Australian Centre For Financial Studies. He was as a junior auditor at H&A Consultant, manager at Intergate PTY Limited, quantitative analyst at ANZ, Investment Banking Division, provided consultancy services to the Australian Stock Exchange and worked in collaboration with the Finance and Treasury Association of Australia and the Australian Centre for Financial Studies. Other services to the community includes being, a research fellow for Institute of Global Business & Society, Cologne University of Applied Sciences, Centre for Applied Financial Services and Tianjin Academy of Environmental Sciences, Academic Advisers & Collaborators at Behavioural Finance Australia, External Examiner at the University of Mauritius and reviewer the University of Technology Mauritius. He is the founder of Researchers Sans Frontiere Network, Environmental Finance Cluster at RMIT and his research areas are financial markets, behavioural finance and environmental finance.

A native of Montreal, Professor Greg N. Gregoriou obtained his joint Ph.D. in finance at the University of Quebec at Montreal which merges the resources of Montreal's four major universities McGill, Concordia, UQAM and HEC. Professor Gregoriou is Professor of Finance at State University of New York (Plattsburgh) and has taught a variety of finance courses such as Alternative Investments, International Finance, Money and Capital Markets, Portfolio Management, and Corporate Finance. He has also lectured at the University of Vermont, Universidad de Navarra and at the University of Quebec at Montreal.

Professor Gregoriou has published 50 books, 65 refereed publications in peer-reviewed journals and 24 book chapters since his arrival at SUNY Plattsburgh in August 2003. Professor Gregoriou's books have been published by McGraw-Hill, John Wiley & Sons, Elsevier-Butterworth/Heinemann, Taylor and Francis/CRC Press, Palgrave-MacMillan and Risk Books. Four of his books have been translated into Chinese and Russian. His academic articles have appeared in well-known peer-reviewed journals such as the Review of Asset Pricing Studies, Journal of Portfolio Management, Journal of Futures Markets, European Journal of Operational Research, Annals of Operations Research, Computers and Operations Research, etc.

Professor Gregoriou is the derivatives editor and editorial board member for the Journal of Asset Management as well as editorial board member for the Journal of Wealth Management, the Journal of Risk Management in Financial Institutions, Market Integrity, IEB International Journal of Finance, and the Brazilian Business Review. Professor Gregoriou's interests focus on hedge funds, funds of funds, commodity trading advisors, managed futures, venture capital and private equity. He has also been quoted several times in the New York Times, Barron's, the Financial Times of London, Le Temps (Geneva), Les Echos (Paris) and L'Observateur de Monaco. He has done consulting work for numerous clients and investment firms in Montreal. He is a part-time lecturer in finance at McGill University, an advisory member of the Markets and Services Research Centre at Edith Cowan University in Joondalup (Australia), a senior advisor to the Ferrell Asset Management Group in Singapore and a research associate with the University of Quebec at Montreal's CDP Capital Chair in Portfolio Management. He is on the advisory board of the Research Center for Operations and Productivity Management at the University of Science and Technology (Management School) in Hefei, Anhui, China.

Table of Contents

Section 1: Environmental Regulations Post the Kyoto Protocol on Climate Change

1. Climate Change and Kyoto Protocol: an Overview

2. Environmental Policies Post the Kyoto Protocol on Climate Change: Evidence from US and Japan

3. Efficiency of U.S. State EPA Emission Rate Goals for 2030: A Data Envelopment Analysis Approach

Section 2: Environmental Economics

4. Environmental Water Governance in the Murray-Darling Basin of Australia: The Movement from Regulation and Engineering to Economic-Based Instruments

5. Damages Evaluation, Periodic Floods, and Local Sea Level Rise: The Case of Venice, Italy

6. Corporate Social Responsibility and Macroeconomic Uncertainty

7. A Fool on Green Hills?

8. What Holds Back Eco-Innovations? A "Green Growth Diagnostics" Approach

9. Trade Openness and Co2 Emission: Evidence from a SIDS

10. Will TAFTA be Good or Bad for the Environment?

11. Feminism, Environmental Economics, and Accountability

Section 3: Environmental/Sustainable Finance

12. Does National Culture Affect Environment Practices?

13. The Economic and Financial Effects of Environmental Regulation

14. Environmental Challenges and Financial Market Opportunities

15. Environmental Investment Strategies

16. The Relationship between Screening Intensity and Performance of Socially Responsible Investment Funds

17. Using CO2 Emission Allowances to Equity Portfolios

18. The returns from Investing in Water Markets in Australia

19. Product Market Competition and Corporate Environmental Performance

Section 4: Funding and Accounting Systems

20. The Costs and Benefits of Cost-Benefit Analysis as Applied to Environmental Regulation

21. The Crowdfunding of Renewable Energy Projects

22. From Environmental Economics to Accounting System Design: Weighing Up the Costs and Benefits of Sustainability

What People are Saying About This

From the Publisher

Delivers a comprehensive portrait of environmental finance, from presentations of empirical examples to explorations of theoretical and regulatory issues

Editorial Reviews

"Believably the first collection after the Paris climate summit, this handbook fills a gap of reference materials by combining sustainability and finance issues. It examines some of the most pressing challenges in green investment in the Kyoto era, while provides interesting insights into possibly new paradigms for post-Kyoto days. I highly recommend this resource guide to intellectuals who work to make sustainable finance truly sustainable."  —Alastair Marke, FRSA

"This is a timely publication that addresses climate change, water rights and innovative ways to manage and sustain our environment. These issues are covered from a financial and economic perspective, addressing regulation, culture and geography ranging from crowd funding to the role that women play in protecting our global resources."  —Christine Helliar, UniSA Business School

"The breadth of coverage in the handbook underscores the multi-faceted - and heartening - development of this field, in both research and application. From Venice to the Australian Outback, this book locates examples of broader and balanced financial approaches to the valuation and preservation of scarce resources. An essential resource for the field." —Marie Wilson, University of South Australia Business School

From the Publisher