Abstract:

Any major epidemiological, natural-climatic, and socio-technical transition requires a fundamental reorientation of financial capital from traditional to new directions, technologies, and practices.

The article discusses how and why environmental finance is shifting from peripheral to the mainstream. The concept of long-tails is used for this. The question is raised about the evolutionary path of the formation of green finance. A long-term historical retrospective of the interaction between finance and nature is considered. This approach made it possible to determine the general and specific features of the modern transition to "green" finance.

In the article, the environment is considered as a stimulus that, through the corresponding perception, is transformed into a certain reaction (SR). With this approach, behavioral finance is directly related to the ecological and biophysical directions of finance and has a universal impact on the human-nature system in a given direction. A new schematic solution of the prospects (1800-2100) for the joint development of technologies, population, and finance is proposed.