Domestic climate finance and the state: disentangling the transformative capacity of state-owned investment banks in the green transition
国内気候金融と国家：グリーン移行における州政府系投資銀行の変革能力の解明 (AI 翻訳)
Daniel Mertens, Nils Stockmann
🤖 gxceed AI 要約
日本語
本稿は、脱炭素化のための産業政策・金融手段として注目される州政府系投資銀行（SIB）の変革能力を分析する枠組みを提示。ドイツの19のSIBの企業報告書、経済データ、専門家インタビューに基づき、規制・政治・商業のロジックに移行目標が統合される場合に能力が発揮されると実証。進展を評価しつつ、真に「グリーン」な国家能力実現の制約を指摘。
English
This paper develops an analytical framework to assess the transformative capacity of state-owned investment banks (SIBs) for decarbonization. Using a most-likely case study of Germany, analyzing 19 SIBs' reports, economic data, and expert interviews, it shows that capacity emerges when transition goals are integrated across regulatory, political, and commercial governance logics. It highlights incremental progress but cautions on political-economic constraints to achieving truly 'green' state capacities.
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
日本では日本政策投資銀行（DBJ）などの政府系金融機関がグリーン投資を促進しているが、本稿の枠組みはDBJや中小企業向け融資機関の変革能力評価に応用可能。また、日本版SIBのガバナンス設計や移行計画の統合にも示唆を与える。
In the global GX context
This paper contributes to global climate finance scholarship by theorizing and empirically testing the conditions under which state-owned investment banks can drive green transitions. It provides a governance framework relevant to countries (e.g., Germany, Japan, EU member states) using public finance institutions for decarbonization, and highlights political economy barriers that apply beyond the German context.
👥 読者別の含意
🔬研究者:Provides a novel governance framework linking public finance and transition studies, with empirical evidence from Germany.
🏢実務担当者:Offers insights for climate finance professionals and SIB managers on integrating transition goals across governance logics.
🏛政策担当者:Highlights conditions and constraints for using SIBs as effective transition financing tools, relevant for designing green industrial policy.
📄 Abstract（原文）
State-owned investment banks (SIBs) are gaining prominence as industrial policy and financing tools for decarbonization, yet their actual capacity to deliver on climate goals remains underexplored. In this article we investigate the factors shaping the transformative capacity of SIBs, developing an analytical framework that integrates public governance and political economy scholarship. We apply this framework in a most-likely case study of Germany – a country that scores highly on governance indices, possesses a dense SIB network, and holds political clout for ‘transformation banks.’ Drawing on corporate reports and economic data from 19 SIBs, as well as expert interviews, we demonstrate that SIBs’ transformative capacity will most robustly emerge if transition goals are integrated across logics of regulatory, political, and commercial governance. Our research highlights incremental progress in building transformative capacity while cautioning about the political and political-economic constraints on realizing genuinely ‘green’ state capacities.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1080/09644016.2026.2687303first seen 2026-06-17 04:56:06 · last seen 2026-06-17 07:10:12
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