Reflections on the IPE of green finance

Abstract

This contribution reflects on the ways in which the history of green finance can be told and the kinds of theoretical tools and perspectives that can be used to explain its evolution. We suggest that the origins of green finance—as well as the roots of some of its specific “pillars”—date further back than sometimes portrayed. Histories of green finance could also give more attention to China’s distinctive experiences, the role of financial regulatory initiatives, and environmental goals beyond those relating to climate and biodiversity. We also suggest ways in which this special issue’s proposed theoretical framework can be extended to help explain the emergence and trajectory of green finance. On this latter point, we note various explanatory factors that might be included and note insights from drawing on a wide range of theoretical perspectives.