Search Advanced

Green Finance

2023, Volume 5, Issue 2: 154-194. doi: 10.3934/GF.2023007
Previous Article Next Article
Review

Prospects of green financing in democratic societies

  • Hogeschool van Arnhem en Nijmegen, HAN University of Applied Sciences, Laan van Scheut 10, 6525 EM, Nijmegen, Netherlands
  • Received: 10 March 2023 Revised: 23 May 2023 Accepted: 25 May 2023 Published: 14 June 2023

  • JEL Codes: A12, A13, A14, D11, D64, D72, D81, D91, E02, E58, E60, E71, J11

  • Financing ecological and other grand global challenges is faced with intertwined issues at both the institutional side and the public side as elements of the tragedy of the quintuple horizons. These horizons are approached from a systemic perspective, with attention on the key players involved. Starting with (system) banks, their conservative attitude is explained in terms of the iron cage theory. Next, green challenges are pictured as 'very wicked' problems, varying in moral intensity. The conflicting roles of the public as citizens and as consumers are described in terms of Kohlberg's theory of cognitive moral development. Responsibilities for future generations are clarified by distinguishing the responsibility as accountability and the responsibility as virtue. Assignments for a green future are explored from the perspective of green financing with a focus on what should be expected from the public at large in multiparty democratic societies, keeping in mind that other societies are characterized by diverting economic and political dynamics, and hence, other modes of operating1. 1 See, for instance, for China: Macaire & Naef (2022) and Liu, Wang, Zhang & Zhang (2019).

    Citation: Hans Bennink. Prospects of green financing in democratic societies[J]. Green Finance, 2023, 5(2): 154-194. doi: 10.3934/GF.2023007

    Related Papers:

  • Financing ecological and other grand global challenges is faced with intertwined issues at both the institutional side and the public side as elements of the tragedy of the quintuple horizons. These horizons are approached from a systemic perspective, with attention on the key players involved. Starting with (system) banks, their conservative attitude is explained in terms of the iron cage theory. Next, green challenges are pictured as 'very wicked' problems, varying in moral intensity. The conflicting roles of the public as citizens and as consumers are described in terms of Kohlberg's theory of cognitive moral development. Responsibilities for future generations are clarified by distinguishing the responsibility as accountability and the responsibility as virtue. Assignments for a green future are explored from the perspective of green financing with a focus on what should be expected from the public at large in multiparty democratic societies, keeping in mind that other societies are characterized by diverting economic and political dynamics, and hence, other modes of operating1.

    1 See, for instance, for China: Macaire & Naef (2022) and Liu, Wang, Zhang & Zhang (2019).


    加载中


    [1] Adorno TW, Frenkel-Brunswik E, Levinson, DJ, Nevitt Sanford R (1950). The Authoritarian Personality. New York: Harper & Brothers.
    [2] Aerts S (2013) The Consumer Does Not Exist: Overcoming the Citizen/Consumer Paradox by Shifting Focus. In Röcklinsberg H, Sandin P (Eds), The Ethics of Consumption: The Citizen, the Market and the Law, Wageningen: Academic Publishers, 172–177. https://doi.org/10.3920/978-90-8686-784-4_27
    [3] Alford J, Head BW (2017) Wicked and Less Wicked Problems: A Typology and a Contingency Framework. Policy Soc 36: 397–413. https://doi.org/10.1080/14494035.2017.1361634 doi: 10.1080/14494035.2017.1361634
    [4] Andina T (2018) Transgenerational Actions and Responsibility. J Crit Realism 17: 364–373. https://doi.org/10.1080/14767430.2018.1488204 doi: 10.1080/14767430.2018.1488204
    [5] Andina T (2020a) The Principle of Transgenerational Responsibility. Rivista di Esetica 75: 17–32. https://doi.org/10.4000/estetica.7201 doi: 10.4000/estetica.7201
    [6] Andina T (2020b) Transgenerazionalità: una filosofia per le generazioni future. Roma: Carocci.
    [7] Ansari S, Wijen F, Gray B (2013) Constructing a Climate Change Logic: An Institutional Perspective on the "Tragedy of the Commons". Organ Sci 24: 1014–104. http://dx.doi.org/10.1287/orsc.1120.0799 doi: 10.1287/orsc.1120.0799
    [8] Araral E (2014) Ostrom, Hardin and the Commons: A Critical Appreciation and a Revisionist View. Environ Sci Policy 36: 11–23. http://dx.doi.org/10.1016/j.envsci.2013.07.011 doi: 10.1016/j.envsci.2013.07.011
    [9] Arrhenius G (2000) Future Generations: A Challenge for Moral Theory. Uppsala: Acta Universitatis Upsaliensis.
    [10] Arrhenius G (2004) The Paradoxes of Future Generations and Normative Theory. In: Tännsjö T, Ryberg J. (Eds) The Repugnant Conclusion. Library Of Ethics And Applied Philosophy, 15: 201–218. Dordrecht: Springer. https://doi.org/10.1007/978-1-4020-2473-3_11
    [11] Asif T, Guangming O, Haider MA, et al. (2020) Moral Education for Sustainable Development: Comparison of University Teachers' Perceptions in China and Pakistan. Sustainability 12: 3014. https://doi.org/10.3390/su12073014 doi: 10.3390/su12073014
    [12] Baldwin E, Cai Y, Kuralbayeva K (2020) To Build or not to Build? Capital Stocks and Climate Policy. J Environ Econ Manag 100. https://doi.org/10.1016/j.jeem.2019.05.001 doi: 10.1016/j.jeem.2019.05.001
    [13] Barber BR (2007) Consumed. How Markets Corrupt Children, Infantilize Adults, and Swallow Citizens Whole. New York: W. W. Norton & Company.
    [14] Barber BR (2013) If Mayors Ruled the World: Dysfunctional Nations, Rising Cities. New Haven: Yale University Press.
    [15] Bartunek JM, Moch KM (1987) First-Order, Second-Order, and Third-Order Change and Organization Development Interventions: A Cognitive Approach. J Appl Behavi Sci 23: 483–500. https://doi.org/10.1177/002188638702300404 doi: 10.1177/002188638702300404
    [16] Batie SS (2008) Wicked Problems and Applied Economics. Am J Agr Econ 90: 1176–1191. https://doi.org/10.1111/j.1467-8276.2008.01202.x doi: 10.1111/j.1467-8276.2008.01202.x
    [17] Bauman Z (2000) Liquid Modernity. Cambridge: Polity Press.
    [18] Beck U (2006) The Cosmopolitan Vision. Cambridge UK/Malden, MA: Polity Press.
    [19] Beck U, Grande E (2010) Varieties of Second modernity: The Cosmopolitan Turn in Social and Political Theory and Research. Brit J Soc 61: 409–443. https://doi.org/10.1111/j.1468-4446.2010.01320.x doi: 10.1111/j.1468-4446.2010.01320.x
    [20] Beetham D (2009) Democracy, Universality and Diversity. Ethics Glob Polit 2: 284–296. https://doi.org/10.3402/egp.v2i4.2111 doi: 10.3402/egp.v2i4.2111
    [21] Bennink H (2012a) Foundations of Organizational Moral Climate Theory. Mapping and Analyzing the Territory. Nijmegen: Radboud University.
    [22] Bennink H (2012b) Moral Capital. Bourdieu's theory of Practice and Moral Climate Theory. Paper presented at the Eighth Philosophy of Management Conference, Oxford, 2012.
    [23] Bennink H (2020) Understanding and Managing Responsible Innovation. Philos Manag 19: 317–348. https://doi.org/10.1007/s40926-020-00130-4 doi: 10.1007/s40926-020-00130-4
    [24] Bennett B (2012) Logically Fallacious: The Ultimate Collection of Over 300 Logical Fallacies. Sudbury, MA: Archieboy Holdings, LLC.
    [25] Beyleveld D, Düwell M, Spahn A (2015) Why and How Should We Represent Future Generations in Policymaking? Jurisprudence 6: 549–566. https://doi.org/10.1080/20403313.2015.1065642 doi: 10.1080/20403313.2015.1065642
    [26] Blok V (2014) Look Who's Talking: Responsible Innovation, The Paradox of Dialogue and the Voice of the Other in Communication and Negotiation processes. J Responsible Innov 1: 171–190. https://doi.org/10.1080/23299460.2014.924239 doi: 10.1080/23299460.2014.924239
    [27] Blok V, Lemmens PP (2015) The Emerging Concept of Responsible Innovation. Three Reasons Why It Is Questionable and Calls for a Radical Transformation of the Concept of Innovation. In: Koops BJ (Ed.), Responsible Innovation 2. Concepts, Approaches, and Applications, Dordrecht: Springer, 19–35.
    [28] Bloom A (2008) The Closing of the American Mind: How Higher Education Has Failed Democracy and Impoverished the Souls of Today's Students. New York: Simon and Schuster.
    [29] Boonin-Vail D (1996) Don't Stop Thinking About Tomorrow: Two Paradoxes About Duties to Future Generations. Philos Public Aff 25: 267–307. Available from: https://www.jstor.org/stable/2961941.
    [30] Bos K, Gupta J (2019) Stranded Assets and Stranded Resources: Implications for Climate Change Mitigation and Global Sustainable Development. Energy Res Soc Sci 56: 101215. https://doi.org/10.1016/j.erss.2019.05.025 doi: 10.1016/j.erss.2019.05.025
    [31] Brown KW, Adger WN, Cinner JE (2018) Moving Climate Change Beyond the Tragedy of the Commons. Glob Environ Change 54: 61–63. Available from: http://hdl.handle.net/10871/35075.
    [32] Bouma JJ, Jeucken M, Klinkers J (2017) Sustainable Banking: The Greening of Finance. London: Routledge.
    [33] Bourdieu P, Wacquant LJD (1992) An Invitation to Reflexive Sociology. Cambridge: Polity Press.
    [34] Bourgeois L (1896) Solidarité. Paris: Colin.
    [35] Bovens M (1998) The Quest for Responsibility: Accountability and Citizenship in Complex Organizations. Cambridge: Cambridge University Press.
    [36] Brickman P, Campbell DT (1971) Hedonic Relativism and Planning the Good Science. In: Appley MH (Ed.), Adaptation Level Theory: A Symposium, New York: Academic Press, 287–302.
    [37] Brundtland GH (1989) Global Change and Our Common Future. Environ Sci Policy Sustain Dev 31: 16–43. https://doi.org/10.1080/00139157.1989.9928941 doi: 10.1080/00139157.1989.9928941
    [38] Caldecott B, Harnett E, Cojoianu T, et al. (2016) Stranded Assets: A Climate Risk Challenge. Washington DC: Inter-American Development Bank. Available from: http://myidb.iadb.org/publications/resources/img/by-nc-nd.png.
    [39] Camerer C (2005) Three Cheers—Psychological, Theoretical, Empirical—for Loss Aversion. J Mark Res 42: 129–133. https://doi.org/10.1509/jmkr.42.2.129.62286 doi: 10.1509/jmkr.42.2.129.62286
    [40] Campbell D, Coldicott T, Kinsella K (1994/2018) Systemic Work with Organizations: A New Model for Managers and Change Agents. London: Routledge.
    [41] Campbell MC, Winterich KP (2018) A Framework for the Consumer Psychology of Morality in the Marketplace. J Consum Psychol 28: 167–179. https://doi.org/10.1002/jcpy.1038 doi: 10.1002/jcpy.1038
    [42] Carcasson M, Sprain L (2012) Deliberative Democracy and Adult Civic Education. New Directions for Adult and Continuing Education 135: 15–23. https://doi.org/10.1002/ace.20022 doi: 10.1002/ace.20022
    [43] Carrigan M, Attalla A (2001) The Myth of the Ethical Consumer—Do Ethics Matter in Purchase Behavior? J Consum Mark 18: 560–577. https://doi.org/10.1108/07363760110410263 doi: 10.1108/07363760110410263
    [44] Carney M (2015) Breaking the Tragedy of the Horizon – Climate Change and Financial Stability.
    [45] Speech Given Governor of the Bank of England and Chairman of the Financial Stability Board at Stability Board, at Lloyd's of London, London, 2015.
    [46] Child J, Faulkner D, Tallman SB (2005) Cooperative Strategy. New York: Oxford University Press Inc.
    [47] Cialdini RB (2003) Crafting Normative Messages to Protect the Environment. Curr Dir Psychol Sci 12: 105–109. https://doi.org/10.1111/1467-8721.01242 doi: 10.1111/1467-8721.01242
    [48] Cole DH, Epstein G, McGinnis MD (2013) Digging Deeper into Hardin's Pasture: The Complex Institutional Structure of "The Tragedy of the Commons". J Inst Econ 10: 353–369. https://doi.org:10.1017/S1744137414000101 doi: 10.1017/S1744137414000101
    [49] Cox SJB (1985) No Tragedy on the Commons. Environ Ethics 7: 49–61. https://doi.org/10.5840/enviroethics1985716 doi: 10.5840/enviroethics1985716
    [50] Cox M, Villamayor-Tomas S, Arnold G (2016) Design Principles in Commons Science: A Response to "Ostrom, Hardin and the Commons" (Araral). Environ Sci Policy 61: 238–242. https://doi.org/10.1016/j.envsci.2016.03.020 doi: 10.1016/j.envsci.2016.03.020
    [51] Crowe BL (1969) The Tragedy of the Commons Revisited. Science 166: 1103–1107. https://doi.org/10.1126/science.166.3909.1103 doi: 10.1126/science.166.3909.1103
    [52] Dahl, RA (2008) Democracy and its Critics. New Haven: Yale University Press.
    [53] D'Amato A (1990) Do We Owe a Duty to Future Generations to Preserve the Global Environment? Am J Int Law 84: 190–198. https://doi.org10.2307/2203019 doi: 10.2307/2203019
    [54] Davidson MD (2008) Wrongful Harm to Future Generations: The Case of Climate Change. Environ Values 17: 471–488. https://doi.org/10.3197/096327108X368494 doi: 10.3197/096327108X368494
    [55] DeGeorge RT (1993) Competing with Integrity in International Business. New York: Oxford University Press.
    [56] De Jong J (1998) Waardenopvoeding en onderwijsvrijheid. Nijmegen: Radboud University.
    [57] De Meyer GM, Van den Elzen EWF (1981) De verstening van Deventer. Huizen en mensen in de 14e eeuw. Groningen: Wolters-Noordhoff/Bouma's Boekhuis.
    [58] Denyse M (2020) The Myth of the Ethical Consumer: A Critical Analysis for Ethical Consumerism. East Afr J Sci 10: 103–119.
    [59] De Young R (1999) Tragedy of the Commons. In: Alexander DE, Fairbridge RW (Eds) Encyclopedia of Environmental Science, Dordrecht: Kluwer Academic Publishers, 601–602. http://hdl.handle.net/2027.42/83704
    [60] De Young R (2000) Expanding and Evaluating Motives for Environmentally Responsible Behavior. J Soc Iss 56: 509–526. https://doi.org/10.1111/0022-4537.00181 doi: 10.1111/0022-4537.00181
    [61] De Young R (2011) Slow Wins: Patience, Perseverance and Behavior Change. Carbon Manag 2: 607–611. https://doi.org/10.4155/cmt.11.59 doi: 10.4155/cmt.11.59
    [62] De Young R, Kaplan S (1988) On Averting the Tragedy of the Commons. Environ Manag 12: 273–283. https://doi.org/10.1007/BF01867519 doi: 10.1007/BF01867519
    [63] De Young R, Kaplan S (2012) Adaptive Muddling. In: De Young R, Princen T (Eds) The Localization Reader: Adapting to the Coming Downshift (287–298), Cambridge, MA: The MIT Press.
    [64] Diamond Jr AM (2006) Schumpeter's Creative Destruction: A Review of the Evidence. J Priv Enterp 22: 120–146. Available from: https://econpapers.repec.org/RePEc:jpe:journl:766.
    [65] DiMaggio PJ, Powell WW (1983) The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields. Am Sociol Rev 48: 147–160. https://doi.org/10.2307/2095101 doi: 10.2307/2095101
    [66] Doherty TJ, Clayton S (2011) The Psychological Impacts of Global Climate Change. Am Psychol 66: 265–276. https://psycnet.apa.org/doi/10.1037/a0023141
    [67] Dryzek J (2000) Deliberative Democracy and Beyond: Liberals, Critics, Contestations. Oxford: Oxford University Press.
    [68] Dryzek J (2001) Legitimacy and Economy in Deliberative Democracy. Polit Theory 29: 651–69. https://doi.org/10.1177/0090591701029005003 doi: 10.1177/0090591701029005003
    [69] Dukalskis A, Gerschewski J (2017) What Autocracies Say (and What Citizens Hear): Proposing Four Mechanisms of Autocratic Legitimation. Contemp Polit 23: 251–268. https://doi.org/10.1080/13569775.2017.1304320 doi: 10.1080/13569775.2017.1304320
    [70] Duvignaud J (1986) La solidarité. Liens de sang et liens de raison. Paris: Fayard.
    [71] Feeny D, Berkes F, McCay BJ, et al. (1990) The Tragedy of the Commons: Twenty-Two Years Later. Hum Ecol 18: 1–19. https://doi.org/10.1007/BF00889070 doi: 10.1007/BF00889070
    [72] Ferrell OC, Hartline MD (2011) Marketing Strategy. Text and Cases. Cengage Learning (5th edition).
    [73] Fischhoff B, Slovic P, Lichtenstein S (1988) Knowing What You Want: Measuring Labile Values In: Walsten T (Ed), Cognitive Processes in Choice and Decision Behavior, Hillsdale, NJ: Erlbaum, 117–141.
    [74] Fraher AL (2004) Systems Psychodynamics: The Formative Years of an Interdisciplinary Field at the Tavistock Institute. Hist Psychol 7: 65–84. https://psycnet.apa.org/doi/10.1037/1093-4510.7.1.65
    [75] Fromm E (1942) Escape from Freedom. New York: Rinehart.
    [76] Gardiner SM (2001) The Real Tragedy of the Commons. Philos Public Aff 30: 387–416. https://doi.org/10.1111/j.1088-4963.2001.00387.x doi: 10.1111/j.1088-4963.2001.00387.x
    [77] Gardiner SM (2011) A Perfect Moral Storm: The Ethical Tragedy of Climate Change. Oxford: Oxford University Press.
    [78] Gardiner SM (2017) Climate Ethics in a Dark and Dangerous Time. Ethics 127: 430–465. https://doi.org/10.1086/688746 doi: 10.1086/688746
    [79] Gates B (2021) How To Avoid A Climate Disaster. The Solutions We Have and the Breakthroughs We Need. New York: Knopf.
    [80] Geiger T (1949) Die Klassengesellschaft im Schmelztiegel. Köln: Kiepenheuer.
    [81] Generation Foundation (2013) Stranded Carbon Assets: Why and How Carbon Risks. Should be Incorporated in Investment Analysis. London and New York: Generation Foundation
    [82] Gheaus A (2016) The Right to Parent and Duties Concerning Future Generations. J Polit Philos 24: 487–508. https://doi.org/10.1111/jopp.12091 doi: 10.1111/jopp.12091
    [83] Gore A (2006) An Inconvenient Truth. The Planetary Emergency of Global Warming and What We Can Do About It. New York: Rodale.
    [84] Gray B (1989) Collaborating: Finding Common Ground for Multiparty Problems. San Francisco: Jossey-Bass.
    [85] Gray B, Purdy J (2018) Collaborating for Our Future: Multistakeholder Partnerships for Solving Complex Problems. Oxford: Oxford University Press.
    [86] Gündling L (1990) Our Responsibility to Future Generations. Am J Int Law 84: 207–212. https://doi:10.2307/2203021 doi: 10.2307/2203021
    [87] Gutmann A, Thompson DF (1998) Democracy and Disagreement. Cambridge MA: Belknap Press of Harvard University Press.
    [88] Ha-Brookshire J, McAndrews L, Kim J, et al. (2017) Moral Education for Sustainable Development: Exploring Morally Challenging Business Situations within the Global Supply Chain Context. Sustainability 9: 164. https://doi.org/10.3390/su9091641 doi: 10.3390/su9091641
    [89] Haidt J (2001) The Emotional Dog and its Rational Tail: A Social Intuitionist Approach to Moral Judgment. Psychol Rev 108: 814–834. https://doi.org/10.1037/0033-295x.108.4.814 doi: 10.1037/0033-295x.108.4.814
    [90] Hardin G (1968) The Tragedy of the Commons. Science 162: 1243–1248. https://doi.org/10.1126/science.162.3859.1243 doi: 10.1126/science.162.3859.1243
    [91] Hardin G (1998) Extensions of "The Tragedy of the Commons". Science 280: 682–683. https://doi.org/10.1126/science.280.5364.682 doi: 10.1126/science.280.5364.682
    [92] Hardin G, Baden J (Eds) Managing the Commons. San Francisco: Freeman.
    [93] Hart HLA (1968) Punishment and Responsibility: Essays in the Philosophy of Law. Oxford: Clarendon Press.
    [94] Häußermann JJ (2020) Nudging and Participation: A Contractualist Approach to Behavioural Policy. Philos Manag 19: 45–68. https://doi.org/10.1007/s40926-019-00117-w doi: 10.1007/s40926-019-00117-w
    [95] Head BW, Alford J (2015) Wicked Problems: Implications for Public Policy and Management. Admin Soc 47: 711–739. https://doi.org/10.1177/0095399713481601 doi: 10.1177/0095399713481601
    [96] Heath C, Larrick RP, Wu G (1999) Goals as Reference Points. Cognitive psychol 28: 79–109. https://doi.org/10.1006/cogp.1998.0708 doi: 10.1006/cogp.1998.0708
    [97] Held D (2008) Models of Democracy. Cambridge: Polity (3rd edition).
    [98] Hellmer J (1959) Recht. Frankfurt am Main: Fischer.
    [99] Hulme M (2009) Why We Disagree about Climate Change: Understanding Controversy, Inaction and Opportunity. Cambridge: Cambridge University Press.
    [100] Hulme M (2015) (Still) Disagreeing about Climate Change: Which Way Forward? Zygon 50: 893–905. https://doi.org/10.1111/zygo.12212 doi: 10.1111/zygo.12212
    [101] Irvine KN, Kaplan S (2001) Coping with Change: the Small Experiment as a Strategic Approach to Environmental Sustainability. Environ Mag 28: 713–725. http://dx.doi.org/10.1007/s002670010256 doi: 10.1007/s002670010256
    [102] Jaques E (1953) On the Dynamics of Social Structure: A Contribution to the Psycho-Analytical Study of Social Phenomena. Hum Relat 6: 3–24. https://doi.org/10.1177/001872675300600101 doi: 10.1177/001872675300600101
    [103] Jean-Tron MG, Ávila-Montiel D, Márquez-González H, et al. (2022) Differences in Moral Reasoning among Medical Graduates, Graduates with Other Degrees, and Nonprofessional Adults. BMC Med Educ 22: 1–8. https://doi.org/10.1186/s12909-022-03624-z doi: 10.1186/s12909-022-03624-z
    [104] Jeucken M (2002) Duurzaam financieren en bankieren. Assen: Van Gorcum.
    [105] Jeurissen R, Keijzers G (2004) Future Generations and Business Ethics. Bus Ethics Q 14: 47–69. https://doi:10.5840/beq20041415 doi: 10.5840/beq20041415
    [106] Jones TM (1991) Ethical Decision Making by Individuals in Organizations: An Issue-Contingent model. Acad Manage Rev 16: 366–395. https://doi.org/10.5465/amr.1991.4278958 doi: 10.5465/amr.1991.4278958
    [107] Kahneman D (2011) Thinking, Fast and Slow. New York: Farrar, Strauss and Giroux.
    [108] Kahneman D, Tversky A (1979) Prospect Theory: An Analysis of Decision under Risk. Econometrica 47: 363–391. Available from: https://econpapers.repec.org/RePEc:cla:levarc:7656.
    [109] Kallhoff A (2013) Consumer Citizenship: a Self-Contradictory Concept? In: Röcklinsberg H, Sandin P (Eds), The Ethics of Consumption: The Citizen, the Market and the Law, Wageningen: Academic Publishers, 177–182. https://doi.org/10.3920/978-90-8686-784-4_28
    [110] Karlsson J (2013) The Impossibility of an Ethical Consumer. In: Röcklinsberg H, Sandin P (Eds), The Ethics of Consumption: The Citizen, the Market and the Law, Wageningen: Academic Publishers, 183–188. https://doi.org/10.3920/978-90-8686-784-4_29
    [111] Kay CE (1997) The Ultimate Tragedy of Commons. Conserv Biol 11: 1447–1448. https://doi.org/10.1046/j.1523-1739.1997.97069.x doi: 10.1046/j.1523-1739.1997.97069.x
    [112] Knoster T (1991) Managing Complex Change Model. Presentation in TASH Conference. Washington DC.
    [113] Kohlberg L, Levine Ch, Hewer A (1983) Moral Stages: a Current Formulation and a Response to Critics. Basel: Karger.
    [114] Kohlberg L, Power C (1981) Moral Development, Religious Thinking, and the Question of a Seventh Stage. Zygon 16: 203–259. https://doi.org/10.1111/j.1467-9744.1981.tb00417.x doi: 10.1111/j.1467-9744.1981.tb00417.x
    [115] Kohlberg L, Ryncarz RA (1990) Beyond Justice Reasoning: Moral Development and Consideration of a Seventh Stage. In: Alexander CN, Langer EJ (Eds) Higher Stages of Human Development, Oxford: Oxford University Press, 191–207.
    [116] Krantz J (2001) Dilemmas of Organizational Change: A Systems Psychodynamic Perspective. In: Gould L, Stapley LF, Stein M (Eds), The Systems Psychodynamics of Organizations: Integrating the Group Relations Approach, Psychoanalytic, and Open Systems Perspectives (133–156). New York: Karnac Books.
    [117] Kreuter MW, De Rosa C, Howze EH, et al. (2004) Understanding Wicked Problems: A Key to Advancing Environmental Health Promotion. Health Educ Behav 31: 441–454. https://doi.org/10.1177/1090198104265597 doi: 10.1177/1090198104265597
    [118] Küng H (1998) A Global Ethic for Global Politics and Economics. Oxford: Oxford University.
    [119] Küng H (2012) Handbuch Weltethos. Eine Vision und ihre Umsetzung. München: Piper.
    [120] Kuhn, T (1970) The Structure of Scientific Revolutions. Chicago: University of Chicago Press.
    [121] Langford IH (2002) An Existential Approach to Risk Perception. Risk Anal 22: 101–120. https://doi.org/10.1111/0272-4332.t01-1-00009 doi: 10.1111/0272-4332.t01-1-00009
    [122] Lasch C (1979) The Culture of Narcissism: American Life in an Age of Diminishing Expectations. New York: WW Norton & Company.
    [123] Lemon KN, Verhoef PC (2016) Understanding Customer Experience throughout the Customer Journey. J Mark 80: 69–96. https://doi.org/10.1509/jm.15.0420 doi: 10.1509/jm.15.0420
    [124] Leppert-Fögen A (1974) Die deklassierte Klasse. Studien zur Geschichte und Ideologie des Kleinbürgertums. Frankfurt am Main: Fischer Taschenbuch Verlag.
    [125] Lindblom CE (1959) The Science of "Muddling Through". Public Admin Rev 19: 79–88. https://doi.org/10.2307/973677 doi: 10.2307/973677
    [126] Lindblom CE (1979) Still Muddling Through, Not Yet There. Public Admin Rev 39: 517–526. https://doi.org/10.2307/976178 doi: 10.2307/976178
    [127] Lindenberg N (2014) Definition of Green Finance. German Development Institute/ Deutsches Institut für Entwicklungspolitik (DIE). Available from: https://papers.ssrn.com/sol3/papers.Cfm.
    [128] Liu R, Wang D, Zhang L, et al. (2019) Can Green Financial Development Promote Regional Ecological Efficiency? A Case Study of China. Nat Hazard 95: 325–341. https://doi.org/10.1007/s11069-018-3502-x doi: 10.1007/s11069-018-3502-x
    [129] Locke D (1987) The Parfit Population Problem. Philosophy 62: 131–157. https://doi.org/10.1017/S0031819100063993 doi: 10.1017/S0031819100063993
    [130] Lukinović M, Jovanović L (2019) Greenwashing–Fake Green/Environmental Marketing. Fundamental and Applied Researches in Practice of Leading Scientific Schools 33: 15–17. https://doi.10.33531/farplss.2019.3.04 doi: 10.33531/farplss.2019.3.04
    [131] McCaughan N, Palmer B (1994) Systems Thinking for Harassed Managers. London: Karnac.
    [132] McMillan C, Overall J (2016) Wicked Problems: Turning Strategic Management Upside Down. J Bus Strateg 37: 34–43. https://doi.org/10.1108/JBS-11-2014-0129 doi: 10.1108/JBS-11-2014-0129
    [133] Macaire C, Naef A (2022) Greening Monetary Policy: Evidence from the People's Bank of China. Paris: IFC Bulletin No. 56. https://doi.org/10.1080/14693062.2021.2013153
    [134] Maiteny PT (2002) Mind in the Gap. Summary of Research Exploring 'Inner' Influences on Pro-sustainability Learning and Behaviour. Environ Educ Res 8: 299–306. https://doi.org/10.1080/13504620220145447 doi: 10.1080/13504620220145447
    [135] Marcuse H (1964) One-dimensional Man. Studies in the Ideology of Advanced Industrial Society. Boston: Beacon Press.
    [136] Martinez P (2012) The Consumer Mind. Brand Perception and the Implication for Marketers. London: Kogan Page.
    [137] Meadows DH, Meadows DL, Randers J, et al. (1972) The Limits to Growth. A Report for the Club of Rome's Project on the Predicament of Mankind. Washington, DC: Potomac Associates.
    [138] Meadows DL, Meadows DH, Randers J (1992) Beyond the Limits: Confronting Global Collapse, Envisioning a Sustainable Future. Post Mills, Vt.: Chelsea Green Pub. Co.
    [139] Meyer L (Ed) (2016) Intergenerational Justice. London: Routledge.
    [140] Monbiot G (2006) The Denial Industry. The Guardian, September, 19th, Section G2, 6.
    [141] Mulgan T (2008) Future People: A Moderate Consequentialist Account of Our Obligations to Future Generations. Oxford: Oxford University Press.
    [142] Ng YK (1989) What Should We Do About Future Generations? Impossibility of Parfit's Theory X. Econ Philos 5: 235–253. https://doi.org/10.1017/S0266267100002406 doi: 10.1017/S0266267100002406
    [143] Nicoll D (1984) Consulting to Organizational Transformation. In: Adams JD (Ed), Transforming Work, Alexandria, VA: Miles River Press, 226–242.
    [144] Norgaard KM (2006) "We Don't Really Want to Know" Environmental Justice and Socially Organized Denial of Global Warming in Norway. Organ Environ 19: 347–370. https://doi.org/10.1177/1086026606292571 doi: 10.1177/1086026606292571
    [145] Norgaard KM, Reed R (2017) Emotional Impacts of Environmental Decline: What can Native Cosmologies Teach Sociology about Emotions and Environmental Justice? Theor Soc 46: 463–495. https://doi.org/10.1007/s11186-017-9302-6 doi: 10.1007/s11186-017-9302-6
    [146] Norton BG (1982) Environmental Ethics and the Rights of Future Generations. Environ Ethics 4: 319–337. https://doi.org/10.5840/enviroethics1982444 doi: 10.5840/enviroethics1982444
    [147] Novotny P (2000) Where We Live, Work, and Play: the Environmental Justice Movement and the Struggle for a New Environmentalism. Westport Ct.: Praeger.
    [148] Nussbaum M (2004) Beyond the Social Contract: Capabilities and Global justice. Oxford Development Studies, 32: 3–18. https://doi.org/10.1080/1360081042000184093 doi: 10.1080/1360081042000184093
    [149] O'Neill J (2001) Representing People, Representing Nature, Representing the World. Environment and Planning C: Government and Policy 19: 483–500. https://doi.org/10.1068/c12s doi: 10.1068/c12s
    [150] Ophuls W (1977) Ecology and the Politics of Scarcity: Prologue to a Political Theory of the Steady State. San Francisco: W. H. Freeman.
    [151] Orr DW (1992) Ecological Literacy: Education and the Transition to a Postmodern World. Albany, NY: State University of New York Press.
    [152] Orr DW, Hill S (1978) Leviathan, the Open society, and the Crisis of Ecology. Western Polit Q 31: 457–469. https://doi.org/10.1177/106591297803100401 doi: 10.1177/106591297803100401
    [153] Ostrom E (1990) Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge: Cambridge University Press.
    [154] Ostrom E, Gardner R, Walker J (1994) Rules, Games, and Common-Pool Resources. Ann Arbor: University of Michigan Press.
    [155] Ostrom E (1999) Coping with Tragedies of the Commons. Annu Rev Polit Sci 2: 493–535. https://doi.org/10.1146/annurev.polisci.2.1.493 doi: 10.1146/annurev.polisci.2.1.493
    [156] Ostrom E (2008) Tragedy of the Commons. In: Durlauf SN, Blume LE (Eds) The New Palgrave Dictionary of Economics Online (2nd edition). London: Palgrave Macmillan.
    [157] Overskeid G (2000) The Slave of the Passions: Experiencing Problems and Selecting Solutions. Rev Gen Psychol 4: 284–309. https://doi.org/10.1037/1089-2680.4.3.284 doi: 10.1037/1089-2680.4.3.284
    [158] Paine T (2008) Rights of Man, Common Sense, and other political writings. Oxford: Oxford University Press.
    [159] Papaoikonomou E, Ryan G, Valverde M (2011) Mapping Ethical Consumer Behavior: Integrating the Empirical Research and Identifying Future Directions. Ethics Behav 21: 197–221. https://doi10.1080/10508422.2011.570165 doi: 10.1080/10508422.2011.570165
    [160] Parfit D (1982) Future Generations: Further Problems. Philos Public Aff 11: 113–172. https://www.jstor.org/stable/2264925
    [161] Parkinson J (2003) Legitimacy Problems in Deliberative Democracy. Polit Stud 51: 180–196. https://doi.org/10.1111/1467-9248.00419 doi: 10.1111/1467-9248.00419
    [162] Partridge E (2001) Future Generations. In: Jamieson D (Ed.), A Companion to Environmental Philosophy, Oxford: Blackwell, 377–389.
    [163] Perlman M (2003) Schumpeter and Schools of Economic Thought. In Backhaus J (Ed), Joseph Alois Schumpeter. Entrepreneurship, Style and Vision, Dordrecht: Kluwer Academic Publishers, 163–178.
    [164] Rawls J (1971) A Theory of Justice. Cambridge: Harvard University Press.
    [165] Reay T, Golden-Biddle K, Germann K (2006) Legitimizing a New Role: Small Wins and Microprocesses of Change. Acad Manag J 49: 977–998. https://doi.org/10.5465/amj.2006.22798178 doi: 10.5465/amj.2006.22798178
    [166] Reay T, Hinings CR (2009) Managing the Rivalry of Competing Institutional Logics. Organ Stud 30: 629–652. https://doi.org/10.1177/0170840609104803 doi: 10.1177/0170840609104803
    [167] Reichenbach BR (1992) On Obligations to Future Generations. Public Aff Quart 6: 207–225. https://www.jstor.org/stable/40435806
    [168] Reinert H, Reinert ES (2006) Creative Destruction in Economics: Nietzsche, Sombart, Schumpeter. In: Backhaus, JG, Drechsler W (Eds.), Friedrich Nietzsche (1844–1900) Economy and Society, Dordrecht: Springer, 55–85. https://doi.org/10.1007/978-0-387-32980-2_4
    [169] Reser JP, Swim JK (2011) Adapting to and Coping with the Threat and Impacts of Climate Change. Am Psychol 66: 277–289. https://doi.org/10.1037/a0023412 doi: 10.1037/a0023412
    [170] Rest J (1979) Revised Manual for Defining Issues Test. An Objective Test of Judgment Development. Minneapolis: Minnesota Research Projects.
    [171] Rittel HW, Webber MM (1973) Dilemmas in a General Theory of Planning. Policy Sci 4: 155–169. https://doi.org/10.1007/BF01405730 doi: 10.1007/BF01405730
    [172] Sandel, MJ (1996) Democracy's Discontent. America in Search of a Public Philosophy. Cambridge MA: The Belknap Press of Harvard University Press.
    [173] Sargın S, Koçer LL (2021) An Investigation of the Effect of Moral Maturity on Consumer Ethics. J Bus Res Turk 13: 1764–1780. https://doi.org/10.20491/isarder.2021.1228 doi: 10.20491/isarder.2021.1228
    [174] Schätzing F (2006) The Swarm. A Novel of the Deep. New York: William Morrow & Company.
    [175] Schätzing F (2021) Was, wenn wir einfach die Welt retten? Handeln in der Klimakrise. Köln: Kiepenheuer & Witsch.
    [176] Schaveling J, Bryan B (2017) Making Better Decisions Using Systems Thinking: How to Stop Firefighting, Deal with Root Causes and Deliver Permanent Solutions. Palgrave MacMillan.
    [177] Scherer AG, Neesham C (2020) New Challenges to Enlightenment: Why Socio-technological Conditions Lead to Organized Immaturity and What to Do about it. Zürich and Newcastle: SSRN.
    [178] Schmieder C, Artman M, Bui Chang P, et al. (2022) Progress, Challenges and Recent Innovations in Sustainable Finance Statistics. Paris: IFC Bulletin, 56.
    [179] Schumpeter JA (1976) Capitalism, Socialism and Democracy. (5rd ed). London: George Allen & Unwin.
    [180] Shiv B, Fedorikhin A (1999) Heart and Mind in Conflict: The Interplay of Affect and Cognition in Consumer Decision Making. J Consum Res 26: 278–292. https://doi.org/10.1086/209563 doi: 10.1086/209563
    [181] Sikora R, Barry B (Eds) (1978) Obligations to Future Generations. Philadelphia: Temple University Press.
    [182] Sinn HW (2008) Public Policies against Global Warming: A Supply Side Approach. Int Tax Public Financ 15: 360–394. https://doi.org/10.1007/s10797-008-9082-z doi: 10.1007/s10797-008-9082-z
    [183] Soyka PA (2013) The International Integrated Reporting Council (IIRC) Integrated Reporting Framework: Toward Better Sustainability Reporting and (Way) Beyond. Environ Qual Manag 23: 1–14. https://doi.org/10.1002/tqem.21357 doi: 10.1002/tqem.21357
    [184] Stewart S (1997) Happy Ever After in the Marketplace: Non-governmental Organizations and Uncivil Society. Rev Afr Polit Econ 24: 11–34. https://doi.org/10.1080/03056249708704236 doi: 10.1080/03056249708704236
    [185] Sombart W (1913) Krieg und Kapitalismus. München & Leipzig: Duncker & Humblot.
    [186] Stokols D, Misra S, Runnerstrom MG, et al. (2009) Psychology in an Age of Ecological Crisis: From Personal Angst to Collective Action. Am Psychol 64: 181–193. https://psycnet.apa.org/doi/10.1037/a0014717
    [187] Suchman MC (1995) Managing Legitimacy: Strategic and Institutional Approaches. Acad Manag Rev 20: 571–610. https://doi.org/10.5465/amr.1995.9508080331 doi: 10.5465/amr.1995.9508080331
    [188] Sudbury-Riley L, Kohlbacher F (2016) Ethically Minded Consumer Behavior: Scale Review, Development, and Validation. J Bus Res 69: 2697–2710. https://doi.org/10.1016/j.jbusres.2015.11.005 doi: 10.1016/j.jbusres.2015.11.005
    [189] Sunstein CR (2014) Nudging: A Very Short Guide. J Consum Policy 37: 583–588 https://do.i.org/10.1007/s10603-014-9273-1 doi: 10.1007/s10603-014-9273-1
    [190] Sunstein CR (2015) Nudges Do Not Undermine Human Agency. J Consum Policy 38: 207–210. https://doi.org/10.1007/s10603-015-9289-1 doi: 10.1007/s10603-015-9289-1
    [191] Swim JK, Stern PC, Doherty TJ, et al. (2011) Psychology's Contributions to Understanding and Addressing Global Climate Change. Am Psychol 66: 241–250. https://psycnet.apa.org/doi/10.1037/a0023220
    [192] Thaler RH, Sunstein CR (2008) Nudge: Improving Decisions About Health, Wealth, and Happiness. New Haven: Yale University Press.
    [193] Thøgersen J (1999) The Ethical Consumer. Moral Norms and Packaging Choice. J Consum Policy 22: 439–460. https://doi.org/10.1023/A:1006225711603 doi: 10.1023/A:1006225711603
    [194] Thompson DF (2010) Representing Future Generations: Political Presentism and Democratic Trusteeship. Crit Rev Int Soc Polit Philos 13: 17–37. https://doi.org/10.1080/13698230903326232 doi: 10.1080/13698230903326232
    [195] Tremmel JC (Ed) (2006) Handbook of Intergenerational Justice. Cheltenham: Edgar Elgar.
    [196] Tversky A, Kahneman D (1991) Loss Aversion in Riskless Choice: A Reference-Dependent Model. Q J Econ 106: 1039–1061. https://doi.org/10.2307/2937956 doi: 10.2307/2937956
    [197] Van Dijk JAGM (2020a) The Network Society. London: Sage (4th edition).
    [198] Van Dijk J (2020b) The Digital Divide. New York. John Wiley & Sons.
    [199] Vanderheiden S (2006) Conservation, Foresight, and the Future Generations Problem. Inquiry 49: 337–352. https://doi.org/10.1080/00201740600831422 doi: 10.1080/00201740600831422
    [200] Van der Ploeg F, Rezai A (2020) Stranded Assets in the Transition to a Carbon-Free Economy. Annu Rev Resour Econ 12: 281–298. https://doi.org/10.1146/annurev-resource-110519-040938 doi: 10.1146/annurev-resource-110519-040938
    [201] Van Lohuizen K (2021) After Us the Deluge. The Human Consequences of Rising Sea Levels. Tielt: Lannoo.
    [202] Vansina LS, Vansina-Cobbaert MJ (Eds) (2008) Psychodynamics for Consultants and Managers: From Understanding to Leading Meaningful Change. Chichester: John Wiley & Sons.
    [203] Volz U (2017) On the Role of Central banks in Enhancing Green Finance. UN Environment, Inquiry Working Paper 17/01. Available from: https://eprints.soas.ac.uk/id/eprint/23817.
    [204] Weber EU, Stern PC (2011) Public Understanding of Climate Change in the United States. Am Psychol 66: 315–328. https://psycnet.apa.org/doi/10.1037/a0023253
    [205] Weiss EB (1990) Our Rights and Obligations to Future Generations for the Environment. Am J Int Law 84: 198–207. https://doi.org/10.2307/2203020 doi: 10.2307/2203020
    [206] Weiss EB (1992) In Fairness to Future Generations and Sustainable Development. Am U Int Law Rev 8: 19–26.
    [207] World Bank (2010) World Development Report: Development and Climate Change. Washington, DC: World Bank Publications. https://doi.org/10.1596/978-0-8213-7987-5
    [208] Zwart H (2003) De spreekbevoegdheid van ethici. In: Devisch I, Verschraegen G (Eds.), De verleiding van de ethiek. Over de plaat van morele argumentatie in de huidige maatschappij, Amsterdam: Boom, 43–64.
  • Reader Comments
  • © 2023 the Author(s), licensee AIMS Press. This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0)
通讯作者: 陈斌, bchen63@163.com
  • 1. 

    沈阳化工大学材料科学与工程学院 沈阳 110142

  1. 本站搜索
  2. 百度学术搜索
  3. 万方数据库搜索
  4. CNKI搜索
Green Finance
5.5 9.6

Metrics

Article views(1050) PDF downloads(130) Cited by(0)

Preview PDF
Download XML
Export Citation
Article outline

Figures and Tables

Figures(8)  /  Tables(3)

Other Articles By Authors

Related pages

Tools

/

DownLoad:  Full-Size Img  PowerPoint
Return
Return

Catalog