Ecological Modernization in Action: Do Green Bonds and Sustainability-Linked Bonds Support a Just Transition? 
エコロジカル・モダナイゼーションの実践：グリーンボンドとサステナビリティ・リンク・ボンドは公正な移行を支援するか？ (AI 翻訳)
Jose Tiago Sousa
🤖 gxceed AI 要約
日本語
本論文は、グリーンボンドとサステナビリティ・リンク・ボンドがエコロジカル・モダナイゼーション理論の前提（経済成長と環境持続可能性の両立）と整合するかを批判的に検討する。グリーンウォッシング、経済的・環境的デカップリング、追加性・公平性の問題など重要な矛盾を特定し、実効性には規制強化と成長論の再構成が必要だと論じる。気候正義と惑星境界を考慮した研究課題を提案する。
English
This paper critically examines Green Bonds and Sustainability-Linked Bonds within Ecological Modernization Theory, identifying tensions such as greenwashing, economic-environmental decoupling, and equity issues. It argues that effectiveness requires robust regulation and a reconceptualization of economic growth, proposing a research agenda integrating climate justice and planetary boundaries.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本でもグリーンボンド発行が拡大する中、本論文はこれらの商品が単なる資金調達手段にとどまらず、カーボンニュートラル移行を促す実効性を持つかを問う。SSBJ開示基準等と連動した検証の重要性を示唆する。
In the global GX context
As sustainable finance instruments proliferate globally under frameworks like ISSB and EU Taxonomy, this paper provides a critical lens on their actual contribution to climate goals, relevant for policymakers and standard-setters evaluating transition finance integrity.
👥 読者別の含意
🔬研究者:Offers theoretical framing to evaluate effectiveness of sustainable finance instruments, linking to climate justice and planetary boundaries.
🏢実務担当者:Highlights greenwashing risks and need for rigorous verification in corporate green bond/SLB issuance.
🏛政策担当者:Provides insights on regulatory design to ensure additionality and equity in transition finance instruments.
📄 Abstract（原文）
This article critically examines the role of sustainable finance instruments, specifically Green Bonds (GBs) and Sustainability-Linked Bonds (SLBs), within the context of Ecological Modernization Theory (EMT). We analyze how these financial instruments align with the assumptions of EMT, namely the compatibility between economic growth and environmental sustainability through technological innovation and institutional change. The analysis reveals significant tensions between the stated objectives of these instruments and their actual effectiveness in promoting the ecological transition. We identify fundamental paradoxes, including the risk of greenwashing, the issue of economicenvironmental decoupling, and challenges of additionality and equity. We argue that, while GBs and SLBs represent important advances in mobilizing capital for sustainable projects, their effectiveness depends on robust regulatory changes, rigorous verification mechanisms, and a profound reconfiguration of economic growth logics. The article concludes by proposing a research agenda that integrates considerations of climate justice and planetary boundaries into the analysis of sustainable finance instruments.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.2139/ssrn.6480039first seen 2026-06-11 04:53:14
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。