Sustainable finance in Australia: Compliance, enforcement and surrogate regulation

dc.contributor.authorGunningham, Neil
dc.date.accessioned2022-10-13T22:21:24Z
dc.date.issued2020
dc.date.updated2021-11-28T07:23:17Z
dc.description.abstractA previous article argued that climate finance regulation (reshaping the financial system to accelerate low-carbon investment) could contribute to a low-carbon transition by incentivising key financial actors to factor climate change risks into capital allocation decisions, investments and business operations. However, regulation in the absence of effective compliance and enforcement will achieve little, as the findings of the financial services royal commission amply demonstrate. This article examines three key compliance and enforcement strategies: Responsive Regulation, Smart Regulation and Meta-regulation, identifying ways in which each illuminates the path to best practice. However, in an age where regulatory budgets are under stress and in which neo-liberal rhetoric still prevails it also recognises the limits of government regulation and the importance of harnessing third parties as regulatory surrogates. Strategies for doing so are also proposed.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0813-300Xen_AU
dc.identifier.urihttp://hdl.handle.net/1885/274542
dc.language.isoen_AUen_AU
dc.publisherThe Law Book Companyen_AU
dc.rights© 2020 The Law Book Companyen_AU
dc.sourceEnvironmental and Planning Law Journalen_AU
dc.titleSustainable finance in Australia: Compliance, enforcement and surrogate regulationen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue5en_AU
local.bibliographicCitation.lastpage606en_AU
local.bibliographicCitation.startpage585en_AU
local.contributor.affiliationGunningham, Neil, College of Asia and the Pacific, ANUen_AU
local.contributor.authoremailu7700305@anu.edu.auen_AU
local.contributor.authoruidGunningham, Neil, u7700305en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor000000 - Internal ANU use onlyen_AU
local.identifier.ariespublicationa383154xPUB16605en_AU
local.identifier.citationvolume37en_AU
local.identifier.scopusID2-s2.0-85090395770
local.identifier.uidSubmittedBya383154en_AU
local.publisher.urlhttps://sites.thomsonreuters.com.au/en_AU
local.type.statusPublished Versionen_AU

Downloads

Original bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
Sustainable Finance in Australia.pdf
Size:
1.05 MB
Format:
Adobe Portable Document Format
Description:
Back to topicon-arrow-up-solid
 
APRU
IARU
 
edX
Group of Eight Member

Acknowledgement of Country

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.


Contact ANUCopyrightDisclaimerPrivacyFreedom of Information

+61 2 6125 5111 The Australian National University, Canberra

TEQSA Provider ID: PRV12002 (Australian University) CRICOS Provider Code: 00120C ABN: 52 234 063 906