Green Growth and Sustainable Finance: A Narrative Review of Economic Evidence and Policy Pathways
Riweu Kenye
🤖 gxceed AI 要約
日本語
本レビューは、環境政策、イノベーション、金融メカニズムが経済成長と移行経路に与える影響を経済学文献から評価する。グリーン成長は富と福利に基づく測定枠組みと適切な政策設計に依存し、サステナブルファイナンスの効果は政策シグナルや開示が不十分な限り限定的である。気候関連金融リスクはマクロプルーデンスの枠組みへの組み込みを正当化する。総合的に、グリーン成長は実現可能だが自動的には生じず、規制・イノベーション・金融の協調的政策経路が必要である。
English
This narrative review assesses how environmental policy, innovation, and financial mechanisms influence growth outcomes and transition pathways, drawing on environmental and financial economics. It finds that green growth depends on wealth- and well-being-based measurement and well-designed environmental policies, while sustainable finance's impact remains limited without policy signals, disclosure, and governance. Climate-related financial risks justify embedding sustainable finance within macro-financial oversight. The review concludes that green growth is feasible but not automatic, requiring a coordinated policy pathway aligning regulation, innovation, and finance while managing trade-offs and systemic risks.
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
日本はGX（グリーントランスフォーメーション）政策を推進しており、本レビューが示すグリーン成長の条件やサステナブルファイナンスの限界は、日本の政策設計や開示制度（SSBJなど）の議論に示唆を与える。特に、政策シグナルとガバナンスの重要性は、日本のGX推進策の評価に役立つ。
In the global GX context
This review synthesizes global evidence on green growth and sustainable finance, offering a macro-level perspective relevant to international policy coordination and financial regulation. It reinforces the need for aligned policy signals and disclosure frameworks (e.g., ISSB, CSRD) to make sustainable finance effective, and highlights systemic risks that central banks and regulators should monitor.
👥 読者別の含意
🔬研究者:Provides a structured overview of the economic literature linking environmental policy, innovation, and sustainable finance, identifying gaps for future research.
🏢実務担当者:Offers insights into how sustainable finance mechanisms like risk pricing and disclosure can reduce financing costs, relevant for corporate sustainability teams designing transition strategies.
🏛政策担当者:Emphasizes the necessity of coordinated policy pathways across regulation, innovation, and finance, and the need to integrate climate risks into macro-financial oversight.
📄 Abstract（原文）
The search for economic growth that is still viable environmentally has reignited the applicability of the concepts of green growth and sustainable finance. Both have been prominently featured in policy debates, but their economic bases and their effectiveness are still questioned. This narrative review summarizes the literature of environmental and financial economics to assess how environmental policy, innovation, and financial mechanisms together influence growth outcomes and transition pathways. The review is structured around four themes, the conceptualization and measurement of green growth; the relationship between environmental policy, innovation, and economic performance, the role of sustainable finance in reallocating capital; and the implications of climate, related financial risks for governance and stability. Green growth, according to the evidence, hinges on measurement frameworks that are based on wealth and well, designed environmental policies that redirect technological change without causing a decline in productivity. Sustainable finance may play a role in these developments by reducing the financing costs and making the risk pricing more efficient, yet its effect is still very limited in the absence of policy signals, disclosure, and governance. The financial risks associated with climate change reinforce the argument for embedding sustainable finance operations within macro, financial oversight. The review, in general, conveys that green growth is a real option but it will not happen automatically. It calls for a coordinated policy pathway that aligns regulation, innovation, and finance while at the same time managing trade-offs and systemic risks.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.9734/sajsse/2026/v23i11247first seen 2026-05-06 00:30:46
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。