Financing Sustainability Critical Issues with East Asian Experiences

The world has come a long way since Alfred Marshall and Arthur Pigou called over a century ago for introducing costs to address negative externalities. The world has since experienced major global agreements to further sustainability issues. Unlike normal goods, the major problem that has often restricted collective action to deal with sustainability as a public good has been to get countries to treat it as a global common by bearing the financial burden essential to honor it. This book brings together chapters that deal with selected sustainability issues, both conceptual issues, as well as empirical experiences that can serve as paths countries could adapt and adopt in their quest to further the financing of sustainability. Students and policymakers, in particular, will find the book illuminating.  

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The United Nations launched the Sustainable Development Goals to deal with sustainability issues in 2015. While the 17 goals deal with critical facets of sustainability and the processes and channels that need attention to achieve them, much of these goals have only focused on arguments on why they are necessary, the critical stakeholders that need to participate in them, and a review process to calibrate institutions towards achieving them. This book examines a vital pillar for achieving them, which is financing sustainability. In doing so, it goes beyond simply identifying sources of finance to examine the selected country and regional financing experiences to further improve the processes towards strengthening sustainability. Albeit, it does not seek to present an exhaustive list of experiences, it opens up in a novel way the debate on why and how financing sustainability can be taken forward. Given the rich and diverse issues covered the book should be a must-read for all.