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The Equator Principles: The Voluntary Approach to Environmentally Sustainable Finance
Citation
Richardson, BJ, The Equator Principles: The Voluntary Approach to Environmentally Sustainable Finance, European Environmental Law Review, 14, (11) pp. 280-290. ISSN 1879-3886 (2005) [Refereed Article]
Abstract
This article considers the Equator Principles, a voluntary code for environmentally responsible project financing by commercial and investment banks. The value of voluntary environmental approaches is increasingly recognised in the European Union, and in its Sixth Environment Action Programme, the European Commission advocated a voluntary initiative with the financial sector to promote harmonised standards for green lending and investing. The article begins by explaining the broader relevance of financial institutions to sustainable development. The nature and effectiveness of voluntary environmental measures to engage the private sector is canvassed before looking at the Equator Principles in detail. The article explains what the Principles demand of lenders, assesses their implementation, and makes some observations on their adequacy for the promotion of environmentally sustainable finance.
Item Details
Item Type: | Refereed Article |
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Research Division: | Law and Legal Studies |
Research Group: | Environmental and resources law |
Research Field: | Environmental law |
Objective Division: | Law, Politics and Community Services |
Objective Group: | Community services |
Objective Field: | Community services not elsewhere classified |
UTAS Author: | Richardson, BJ (Professor Benjamin Richardson) |
ID Code: | 91869 |
Year Published: | 2005 |
Deposited By: | Faculty of Law |
Deposited On: | 2014-06-02 |
Last Modified: | 2014-06-02 |
Downloads: | 0 |
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