What is Financing about?
Sustainable finance is the practice of creating economic and social value through financial models, products and markets that are sustainable over time.
Practising sustainable financing means increasing the effective use of financial resources and achieving the national and international economic conditions needed to fulfil internationally agreed development goals, including those contained in the Millennium Declaration, to eliminate poverty, improve social conditions and raise living standards, and protect our environment, will be our first step to ensuring that the twenty-first century becomes the century of development for all.
UN 2003 Monterrey Consensus of the International Conference on Financing for Development The final text of agreements and commitments adopted at the International Conference on Financing for Development Monterrey, Mexico, 18-22 March 2002
Key questions for this area
If you are studying or teaching in this area, or are looking to add content to your unit, following are some questions that you should be able to answer and/or consider:
- Does our monetary system require perpetual economic growth in order to sustain itself and therefore the productive economy as we know it?
- How does the monetary system create powerful financial incentives for people to engage in ecologically unsustainable economic growth?
- What are the key success factors in micro finance schemes to address poverty?
If you are interested in finding out more about this topic, check out our resources for inspiration.