This concept of finance called “green” has always been talked about for quite some time. At first glance, we could say that these are two rather contradictory notions (finance and ecology), but here we need to find solutions so that finance can put a stone to the building of a healthier planet.
We have on one side ecology, a field whose main goal is to allow a better preservation of natural resources. On the other hand, we have finance, whose main ambition is to derive as much benefit as possible from natural resources, and inevitably includes their consumption.
The ultimate question here is therefore: is there a possible reconciliation between finance finance and ecology.
To be able to do this, it will first be necessary to get rid of the agreed postures, the overrated speeches, in other words the “politically correct”. Nature is considered as a gift of which men are the guardians and which must be preserved for future generations.
Then yes, it becomes possible to draw a common path between these two thoughts. Between finance and ecology, finance is already seen as a means (and not an end) for economic development, while accepting some form of decline for consumer goods and energy use, so why can finance not be at the service of man? This must be seen as an individual responsibility, but also a collective and prospective one, i.e. a transgenerational responsibility in order to leave immediacy and think about the distant future.
Thanks to this trendy concept of finance verte, projects are being set up to enable the financial world in general to be more ecologically responsible. This would allow it to meet its resource needs while remaining within reasonable limits, which could be delineated by different consensus. Even if this is not totally obvious, efforts are being made to achieve this result.
This is about investing in more projects that play a more important role for nature. Among these investments we have renewable energies, which are a very concrete example, because we are dealing with the long term. Moreover, these energies are much more profitable than fossil fuels. But we cannot deny the fact that such a transition is both financially costly and very spread over the long term.
As another possible constraint, we have the failures present in the world of finance (example: 2008 crisis) which could have rather disastrous consequences on nature if we were to entrust it (ecology). It is therefore obvious that in order to reconcile the needs of finance and ecology, it is necessary to set the limits not to be crossed, and the objectives to be achieved in order to ensure good conservation of nature and a good financial return.
This would require meetings between ecologists and financiers, without anathema or prejudice, such as the COP 21 in Paris.
In general, it is concluded that green finance is quite possible, and the discussions essential to the success of this project are already being carried out by the organizations concerned. The implementation of this project is on the rise, we have faith in the success of this collaboration yet so unexpected.