Environmental Finance: A Guide to Environmental Risk Assessment and Financial Products

• Hardcover: 384 pages
• Publisher: Wiley; 1 edition (September 13, 2002)
• Language: English
• ISBN-10: 0471123625

The emerging world of environmental finance has allowed modern industrial society to approach the environmental challenges of today and tomorrow in a profitable and positive manner. Environmental Finance: A Guide to Environmental Risk Assessment and Financial Products is one of the first books to cover this expanding field–a field that encompasses all market-based instruments designed to deliver environmental quality and transfer environmental risk.

Environmental experts Sonia Labatt and Rodney White present an engaging and comprehensive look at the intersection of financial innovation with the environment. Through real-world case studies, industry insights, and timely advice, this book provides the strategies, techniques, and financial products that you as a financial service professional or corporate executive must understand in order to improve a company’s environmental performance. In addition, Environmental Finance serves as an important source of information for concerned citizens and independent investors regarding proactive environmental corporate behavior patterns and environmentally enhanced financial products and investment strategies.

You’ll gain a firm understanding of the concepts and tools used by financial institutions to develop environmental policies and products, and learn how recent changes in the financial services sector–globalization, deregulation, and technological innovation–have affected the capacity of companies to respond to the environmental challenge.

After this general foundation has been established, core financial services provided by commercial and investment banks as well as insurance companies are explored, along with their areas of environmental exposure. Environmental Finance also examines the investment and risk transfer opportunities created by new financial products. In-depth coverage of each topic reveals new products and services with environmental and social-centered themes, including:

• Banking products such as green mortgages
• Insurance for cost cap overruns for cleaning up polluted sites
• Weather derivatives to hedge exposure to adverse weather
• Catastrophe bonds for earthquakes and weather risks
• The beginning of markets for greenhouse gas—reduction credits
• Screening processes that have been used to develop socially and environmentally acceptable investment products
• And much more

Environmental Finance also examines other important issues that will continue to challenge financial institutions and their clients in the years ahead, including climate change and the attempt to develop a common methodology for environmental reporting. By integrating these discussions with the lessons drawn from real-world case studies and examples, this book will clearly help you understand and adapt to the environmental challenges that lie ahead.

Throughout most of the twentieth century, people assumed that there was an implicit trade-off between economic growth and an attractive environment. After reading Environmental Finance, you’ll see how far we’ve come from this archaic notion and learn how to manage environmental risk by utilizing a variety of different financial products and strategies.

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