23Financing Strategies for Sustainable Bioenergy and the Commodity Chemicals Industry
Praveen V. Vadlani
Saivera Bio LLC, Puttaparthi, Andhra Pradesh, 515134, India
23.1 The Current Financing Scenario at Global Level
23.1.1 Recovery from 2008 Financial Crisis and Global Economic Trends
Financial deregulation in 2008 resulted in a massive upheaval of domestic and global markets and economic conditions, which primarily raised fundamental questions regarding the influence financing has on economy and income distribution (OECD 2012; Cournède et al. 2015). The years following 2008 triggered a substantial correction among countries to mitigate high unemployment, capacity build‐up, and budgetary imbalances. Consequently, global economic activity has been on an upswing, commodity prices have picked up, and financial markets have stabilized. Global growth is expected to accelerate beyond 2017 (2017–2019), with an anticipated stronger growth in developed economies and a significant growth trajectory among emerging and developing economies (International Monetary Fund 2017). However, global trade and foreign policies are ...
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