MISSION-ORIENTED APPROACH IN GREEN ECONOMY: INNOVATION AT THE HEART OF DEVELOPMENT BANKS

Cristiane Benetti, ICN Artem Business School & CEREFIGE, France
Nirjhar Nigam, ICN Artem Business School & CEREFIGE, France
Afef Boughanmi, University of Lorraine & BETA, France

Published in

INTERNATIONAL JOURNAL OF BUSINESS STRATEGY
Volume 24, Issue 1, p5-24, March 2024

ABSTRACT

This study investigates how national development banks contribute to bridging the financing gap for climate adaptation and attaining sustainable development goals through innovation. To this end, we focus on the case of the Brazilian Development Bank (BNDES). We analyze the importance of green economy and innovation in the last decade of the 21st century. With documentary research, we present the green innovation projects that BNDES has supported to reach sustainable development goals. As a result, we can observe the great capacity of BNDES to act as the main government promoter of innovation and the Brazilian tendencies for innovative projects and innovative tools to generate investment resources.

Keywords

development bank, sustainable development, sustainable finance, transport, renewable energy


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