We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

Innovative green-technology SMEs as an opportunity to promote financial de-risking

Innovative green-technology SMEs as an opportunity to promote financial de-risking
Date:
22 March 2018
Authors:
Elena Verdolini, Céline Bak, Joël Ruet, Venkatachalam Anbumozhi
Tags:
Innovation, Green Technology, Technology, Eco-efficiency, SMEs, Financial de-risking

Print Article:

As the G20/OECD High-Level Principles of SMEs Financing state, Small and Medium-sized Enterprises (SMEs), including micro-enterprises, are core engines of innovation, growth, job creation and social cohesion in high-income/emerging economies, as well as low-income developing countries. In the former, SMEs undertake the majority of private economic activity, and account for more than 60 percent of employment and 50 percent of GDP. In the latter, SMEs contribute on average to more than 50 percent of employment and 40 percent of GDP; furthermore, they contribute significantly to broadening employment opportunities, social inclusion and poverty reduction (G20/OECD 2015).

In this article, the authors argue that G20 countries need to recognize and engage SMEs, and especially low-carbon technology SMEs, as key economic actors in the effort toward climate mitigation and sustainable development. Failing to bring them on board, or designing strategies that do not take into account the challenges and barriers they face, significantly reduces the chances of successfully attaining UN Sustainable Development Goals and the commitments made at the Paris Agreement.

Innovative green-technology SMEs as an opportunity to promote financial de-risking

(The paper was originally published in Economics E-Journal).

Search ERIA.org

Latest Multimedia

Indonesia's ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Related Articles

9 April 2015
Editor(s)/Author(s): Venkatachalam Anbumozhi
AbstractThis paper develops a framework to assess the scope of collaboration among countries that are pursuing low-carbon green[...]
industry and manufacturing, Regulation and Governance
1 March 2008
Editor(s)/Author(s): Hank Lim, Peter Baily, Xiangfeng Liu, Keshab Das, Tulus Tambunnan, Kazuhiko Yokota, Shuji Uchikawa, Phouphet Kyophilavong, Rafaelita M. Aldaba, Hank Lim, Chaiyuth Punyasavatsut, Tien Cuong Tran, Xuan Sang Le, Kim Anh Nguyen, Hironobu Kitagawa
List of Project MembersMR. PETER BAILEY: Research Economist, New Zealand Institute of Economic Research (NZIER), New[...]