Banks, international financial institutions, politicians and some civil society actors have a new favourite: Green Finance. They assume green finance key to solving global environmental problems such as climate change. What are the consequences? Does Green Finance indeed contribute to a socio-ecological transformation? Will it end the highly unequal overuse of global environmental resources? Will it simply help to enrich the wealthier further? The recently published special issue of the Journal für Entwicklungspolitik deals with these questions and focusses on the impact of Green Finance on the global South and on Europe. Authors and commentators from civil society discuss the findings and show how alternative approaches to dominant neoliberal forms of Green Finance should be shaped.