Jump to ContentJump to Main Navigation
New Frontiers of PhilanthropyA Guide to the New Tools and New Actors that Are Reshaping Global Philanthropy and Social Investing$
Users without a subscription are not able to see the full content.

Lester M. Salamon

Print publication date: 2014

Print ISBN-13: 9780199357543

Published to Oxford Scholarship Online: August 2014

DOI: 10.1093/acprof:oso/9780199357543.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 04 April 2020

Social and Environmental Exchanges

Social and Environmental Exchanges

(p.144) Chapter 4 Social and Environmental Exchanges
New Frontiers of Philanthropy

Durreen Shahnaz

Robert Kraybill

Lester M. Salamon

Oxford University Press

This chapter examines the operation of stock-exchange-type mechanisms for achieving social and environmental purposes. Included are climate exchanges such as the Chicago Climate Exchange and the European Climate Exchange, which provide a trading platform for carbon emission permits; and social stock exchanges, like ones in Singapore, Mauritius, and the United Kingdom, which provide trading platforms for shares, bonds, and other financial instruments issued by or for social enterprises. Such exchanges reduce the transaction costs in raising capital for such enterprises, promote more efficient allocation of capital, offer liquidity and exit options for investors, and achieve these gains while protecting the missions of the social or environmental enterprises.

Keywords:   social stock exchange, climate exchange, private placement platforms, liquidity, Chicago Climate Exchange, European Climate Exchange, carbon emission permits

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .