Top

Published in:

2024 | OriginalPaper | Chapter

6. The Role of the Banking Sector in the Energy Transition

Authors : Zbigniew Korzeb, Paweł Niedziółka

Published in: Fossil Fuels in the European Union

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

The chapter presents arguments for the key role of the banking sector in the energy transition. Banks’ activities can be divided into four areas. Firstly, they are to minimise a direct impact on the environment through the rational management of electricity, water, heat, natural gas, fuels, the consumption of typical office materials (paper, toner, etc.), reduce municipal waste and air pollution.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

previous chapter Initiatives of Financial System Institutions to Move Away from Financing the Carbon Economy

next chapter Changing Strategic Alliances in the Fossil Fuel Market as an Implication of the Russian Federation's Aggression Against Ukraine

APLMA-LMA-LSTA–Asia Pacific Loan Market Association—Loan Market Association—LSTA (2019) Sustainability-Linked Loan Principles. Supporting environmentally and socially sustainable economic activity. https://www.lsta.org/content/sustainability-linked-loan-principles-sllp/. Accessed 21 Sept 2023

BBVA (2023) How does a bank's green bond contribute to protect the environment? https://www.bbva.com/en/sustainability/how-does-a-banks-green-bond-contribute-to-protect-the-environment/. Accessed 07 Sept 2023

Beltran DO, Bensen H, Kvien A et al (2023) What are large global banks doing about climate change? International Finance Discussion Papers, No 1368. Board of Governors of the Federal Reserve System. https://www.federalreserve.gov/econres/ifdp/files/ifdp1368.pdf. Accessed 21 Sept 2023

Deloitte (2023) Banking on climate neutrality. The global banking industry’s role in transitioning to a low-carbon economy. https://www2.deloitte.com/content/dam/Deloitte/pt/Documents/risk/Deloitte-IBFed-Climate.pdf. Accessed 05 Sept 2023

Gemra K (2021) Świadomość funkcjonowania green bonds na polskim rynku obligacji korporacyjnych. Kwartalnik Nauk O Przedsiębiorstwie 61(4):30–38. https://doi.org/10.33119/KNoP.2021.61.4.3

Graf Ch, Jongeneel M, Monai U (2020) Higher value, lower risk: ESG finance moves to the banking mainstream. Bain and Company. https://www.bain.com/contentassets/b74fe6e7eb424927b496bdc2b879c8be/bain_brief--higher-value-lower-risk.pdf. Accessed 30 Aug 2023

ICMA-The International Capital Market Association (2021) The Green Bond Principles (GBP) 2021 (with June 2022 Appendix 1). https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/green-bond-principles-gbp/. Accessed 14 Aug 2023

Karkowska R, Korzeb Z, Matysek-Jędrych A, Niedziółka P (2023) Banking, risk and crises in Europe: from the global financial crisis to covid-19. Routledge, London

Klimontowicz M, Losa-Jonczyk A, Zacny B (2021) Banks’ energy behavior: impacts of the disparity in the quality and quantity of the disclosures. Energies 14(21):7325. https://doi.org/10.3390/en14217325CrossRef

Korzeb Z, Niedziółka P, Zegadło M (2022) Assessment of the impact of commercial banks’ operating activities on the natural environment by use of cluster analysis. Risks 10(6):119. https://doi.org/10.3390/risks10060119CrossRef

Kultys-Grabowska A (2023) Europejskie zielone obligacje – ich specyfika na tle dotychczasowych instrumentów. Polska Akademia Nauk. https://publikacje.pan.pl/Content/127146/PDF/2021-ZFIN-05.pdf. Accessed 07 Sept 2023

Mackenzie C, Ascui F (2009) Investor leadership on climate change: an analysis of the investment community’s role on climate change, and snapshot of recent investor activity. UNEP Finance Initiative and UNPRI 2009. https://www.unpri.org/download?ac=5884. Accessed 20 July 2023

Merek D (2020) BREEAM vs LEED. Porównanienajbardziej popularnych systemów certyfikacji energetycznej. https://www.muratorplus.pl/biznes/prawo/porownanie-najbardziej-popularnych-systemow-certyfikacji-energetycznej-breeam-i-leed-aa-Lzd6-cPsG-hvLH.html. Accessed 07 Nov 2023

Niedziółka P (2021) Zielona (r)ewolucja w polskiej bankowości. Finansowanie projektów lądowej energetyki wiatrowej oraz fotowoltaicznej w Polsce z wykorzystaniem metody Project Finance. Warszawa, Difin

Nordea (2023). What are green loans? https://www.nordea.com/en/news/what-are-green-loans. Accessed 04 Sept 2023

Quinson T (2023) Green lending tops fossil fuel as big oil gets cash elsewhere. Bloomberg Screentime, 4 January 2023. https://www.bloomberg.com/news/articles/2023-01-04/green-lending-exceeds-fossil-fuel-financing-for-first-time-green-insight#xj4y7vzkg. Accessed 14 Oct 2023

Sathyamoorthy A, Horne W, Sangha G et al (2023) ESG loan financing—key observations and trends to watch for in 2023. https://www.lexology.com/library/detail.aspx?g=35d6bf83-fa3f-421e-b62d-2dc7efea9488. Accessed 15 Oct 2023

SNEU—Sustainability & ESG News (2021). BNP Bank Poland launches carbon emission calculator for agriculture. https://sustainabilitynews.eu/bnp-bank-poland-launches-carbon-emission-calculator-for-agriculture/. Accessed 27 July 2023

Statista (2023). Number of bank branches in Europe 2008–2022. https://www.statista.com/statistics/940970/number-of-bank-branches-in-europe/. Accessed 20 Oct 2023

Teba C (2019) How bank offices and buildings consume energy. https://www.dexma.com/blog-en/how-bank-offices-consume-energy/. Accessed 10 Oct 2023

Tomaszewski R (2023) ING Bank Śląski udostępnia kalkulator śladu węglowego dla firm. https://fintek.pl/ing-bank-slaski-udostepnia-kalkulator-sladu-weglowego-dla-firm/. Accessed 29 Oct 2023

Uryniuk J (2021) BNP Paribas Polska will introduce a carbon and water footprint meter. https://www.cashless.pl/10054-bnp-paribas-doconomy-app. Accessed 19 July 2023

Wilkinson B, O'Grady N, Lovie C et al (2021) ESG margin ratchet. Baker McKenzie. https://www.bakermckenzie.com/en/-/media/files/insight/publications/2021/11/in-the-know_esg-margin-ratchet.pdf. Accessed 28 July 2023

Title: The Role of the Banking Sector in the Energy Transition
Authors: Zbigniew Korzeb
Paweł Niedziółka
Publisher: Springer International Publishing
Book: Fossil Fuels in the European Union
Print ISBN: 978-3-031-56789-6

Electronic ISBN: 978-3-031-56790-2

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-3-031-56790-2_6

Springer Professional

Abstract

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"