Keio University Syllabus and Timetable

THEORY OF SUSTAINABILITY B

SubtitleLearn about environmental finance
Lecturer(s)MORITA, KANAKO
Credit(s)2
Academic Year/Semester2025 Fall
Day/PeriodTue.2
CampusMita
Class FormatFace-to-face classes (conducted mainly in-person)
Registration Number19863
Faculty/Graduate SchoolECONOMICS
Department/MajorECONOMICS Type A, B
Year Level3, 4
FieldMAJOR SUBJECTS ELECTIVE
Grade TypeThis item will appear when you log in (Keio ID required).
K-Number FEC-EC-35183-212-64
Course AdministratorFaculty/Graduate SchoolFECECONOMICS
Department/MajorECECONOMICS
Main Course NumberLevel3Third-year level coursework
Major Classification5Major Subjects Course- Advanced Course
Minor Classification18Lecture - Environment
Subject Type3Elective subject
Supplemental Course InformationClass Classification2Lecture
Class Format1Face-to-face classes (conducted mainly in-person)
Language of Instruction2English
Academic Discipline64Environmental conservation measure and related fields

Course Contents/Objectives/Teaching Method/Intended Learning Outcome

Focusing on "finance" as an essential element for societal systems transformation to achieve a sustainable society, this class will explain the current role of finance in the sustainable development and environmental fields and their theoretical background.
This class focuses on the two types of environmental finance. One is finance related to international cooperation in which developed countries and others financially support developing countries to promote environmental measures in developing countries. Engaging both developed and developing countries under international environmental conventions such as the United Nations Framework Convention on Climate Change and the Convention on Biological Diversity is important. This class will explain financial mechanisms under the environmental conventions (e.g., the Global Environment Facility) and environmental actions of multilateral and bilateral aid agencies.
The other is the growing trend toward greening the financial system and the economy from the perspective of stabilizing the financial system. Beyond international environmental conventions, there is now an increasing number of initiatives by financial institutions and companies to address sustainability. This class will introduce the expansion of environmental finance and its challenges today, introducing trends related to the United Nations, current discussions on sustainable finance and responses to climate and nature-related risks by financial institutions and companies, and the relationship with international environmental conventions. This class will also discuss the expansion of environmental finance and its related governance.

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Reference Books

(1) Hourcade, J.C, Glemarec, Y, de Coninck, H, Bayat-Renoux, F., Ramakrishna, K., and Revi, A. 2021. Scaling up climate finance in the context of Covid-19.
(2) IPCC. 2022. IPCC Sixth Assessment Report WGIII. ISBN: 9781009157933
(3) OECD. 2018. Making blended finance work for the sustainable development goals
(4) United Nations, Inter-agency Task Force on Financing for Development, Financing for sustainable development report 2023: Financing sustainable transformations. (New York: United Nations, 2023)
(5) Ziolo, M and Sergi, B.S. 2019. Financing Sustainable Development: Key Challenges and Prospects. Palgrave Studies in Impact Finance. ISBN: 9783030165215

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