Paper: SSRN 2446496

Abstract

Up to today, we do not have a precise and commonly accepted definition of green finance for two reasons. First, many publications do not try to define the term

Complexity vs Empirical Score

  • Math Complexity: 0.0/10
  • Empirical Rigor: 0.0/10
  • Quadrant: Philosophers — conceptual discussion, limited math and data

Why this score: The paper is a conceptual review and proposal for defining ‘green finance’ with no mathematical formulas, statistical methods, or backtesting, focusing solely on literature synthesis and classification.

Research Flowchart

  flowchart TD
  A["Research Goal: Define Green Finance"] --> B["Methodology: Literature Review"]
  B --> C{"Data/Inputs: Financial & Environmental Metrics"}
  C --> D["Analysis: ESG Standards & Green Bonds"]
  D --> E{"Computational Process: Terminology Comparison"}
  E --> F{"Key Findings: <br> No Common Definition"}
  F --> G["Reason 1: Varying Definitions"]
  F --> H["Reason 2: Greenwashing Risks"]