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Financing Environmental Change: A New Role for Canadian Environmental Law


Richardson, BJ, Financing Environmental Change: A New Role for Canadian Environmental Law, McGill Law Journal, 49, (1) pp. 145-202. ISSN 0024-9041 (2004) [Refereed Article]


Financial institutions occupy a central role in equity and debt markets, providing the finance that shapes economic development and thus environmental pressures. Environmental regulation has traditionally focused on development itself but not those that financially sponsor developers. To achieve an environmentally sustainable economy in Canada, new regulations and policies to promote environmentally friendly financing in the financial services sector are necessary. This article explains why financing environmental change is crucial, surveys the main private financial institutions in Canada relevant to this task, and makes recommendations on how financial regulation and its broader institutional context can be reformed to support sustainable development.

Item Details

Item Type:Refereed Article
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:91873
Year Published:2004
Deposited By:Faculty of Law
Deposited On:2014-06-02
Last Modified:2014-06-02

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