Статті в журналах з теми "Sustainable Development Finance"
Щоб переглянути інші типи публікацій з цієї теми, перейдіть за посиланням: Sustainable Development Finance.
Оформте джерело за APA, MLA, Chicago, Harvard та іншими стилями
Ознайомтеся з топ-50 статей у журналах для дослідження на тему "Sustainable Development Finance".
Біля кожної праці в переліку літератури доступна кнопка «Додати до бібліографії». Скористайтеся нею – і ми автоматично оформимо бібліографічне посилання на обрану працю в потрібному вам стилі цитування: APA, MLA, «Гарвард», «Чикаго», «Ванкувер» тощо.
Також ви можете завантажити повний текст наукової публікації у форматі «.pdf» та прочитати онлайн анотацію до роботи, якщо відповідні параметри наявні в метаданих.
Переглядайте статті в журналах для різних дисциплін та оформлюйте правильно вашу бібліографію.
1
Acharya, Debashis. "Sustainable development finance." Journal of Social and Economic Development 25, S1 (December 2023): 1–4. http://dx.doi.org/10.1007/s40847-023-00316-2.
2
Steckel, Jan Christoph, Michael Jakob, Christian Flachsland, Ulrike Kornek, Kai Lessmann, and Ottmar Edenhofer. "From climate finance toward sustainable development finance." Wiley Interdisciplinary Reviews: Climate Change 8, no. 1 (November 13, 2016): e437. http://dx.doi.org/10.1002/wcc.437.
3
Danilov, Yu A. "Coalitions for Sustainable Finance and Sustainable Development." Herald of the Russian Academy of Sciences 92, S2 (June 2022): S91—S99. http://dx.doi.org/10.1134/s1019331622080032.
Анотація:
Abstract This article deals with the formation of coalitions for sustainable development and sustainable finance in developed countries and in Russia. In developed countries, broad national coalitions for sustainable development have been formed based on the initially established industry coalitions of investors and financial institutions for sustainable finance. The ideological core of such coalitions is the idea of new models of capitalism based on the principles of sustainable development as an ideal social structure. The concepts of stakeholder capitalism and the impact or caring economy are examples of such models. In Russia, similar coalitions are much narrower because of the imitation of following the environmental, social, and governance (ESG) principles and mass greenwashing. At the same time, there are objective factors that can lead to the expansion of ESG coalitions and strengthening incentives for the implementation of a sustainable development model in Russia.
4
Motylska - Kuźma, Anna. "ALTERNATIVE FINANCE AND SUSTAINABLE DEVELOPMENT." Central European Review of Economics and Management 2, no. 1 (March 15, 2018): 175. http://dx.doi.org/10.29015/cerem.511.
Анотація:
Objective: The aim of this article is to evaluate alternative finance for the implementation of the basic assumptions and goals of sustainable development.Methodology: Using the comparative analysis the most frequent mentioned forms of alternative finance have been assessed. The analysis took into account both the assumptions and the basic goals of sustainable development.Results: The conducted analysis show that despite many features that indicate the inclusion of alternative finance in philosophy of sustainable development, the implementation of the basic assumptions and goals are arbitrary. Many of the alternative forms do almost realized nothing.Originality/Value: An juxtaposition of sources of financing with the concept of sustainable development is usually carried out when analyzing the funding opportunities for relevant initiatives. However, in this case, the assessment is concentrating on the sources of financing and implementation by them of the adopted sustainability assumptions and goals.
5
Serdiuk, Denys, and Anton Volok. "CONCEPTUAL-CATEGORICAL APPARATUS RESEARCHINTHESPHEREOFFINANCING OF SUSTAINABLE DEVELOPMENT." Scientific Bulletin of Polissia, no. 2(27) (2023): 317–37. http://dx.doi.org/10.25140/2410-9576-2023-2(27)-317-337.
Анотація:
Sustainable development is a concept of economic development that is being implemented by the world’s most developed countries. Sustainable development focuses on com-bining effective functioning of the economic, social and environmental systems of society. In eco-nomically underdeveloped countries, the rate of the national economy growth based on sustaina-bility is slow and not always stable. The above outlined issues are relevant to the study of the peculiarities of financing sustainable development, which requires deepening theoretical and ap-plied provisions for ensuring necessary number of financial resources for this development in long term.The article is aimed at deepening theoretical provisions of sustainable development in terms of studying the conceptual-categorical apparatus in the field of financing of such development.Within the article, a study of the conceptual-categorical apparatus used in research on financing sustainable developments is conducted. First of all, the essence of such develop-ment is analysed, the approaches to consideration of its content are singled out and its features are specified.It is established in the article that the model of sustainable development is cur-rently leading in the development of the vast majority of developed countries, since achieve-ment of the main goals of such development allows creating a harmoniously functioning society and ensuring a significant potential for its further balanced and efficient development.The analysis of the conceptual-categorical apparatus for studying the process of financ-ing sustainable development has made it possible to state that a wide range of different defi-nitions is used in scientific works today, among which the following have been identified: “sus-tainable financing”, “sustainable finance”, “finances of sustainable development”, “green finance”, “climate finance”.Accordingly, in the article, the essence of these categories is grad-ually examined, and their substantive coordination with each other is described.At the same time, it has been found that the increase in scientific research aimed at creating the conditions for sustainable development also contributes to the search of new re-sources of attracting financial resources.This, in turn, leads to the increase in the number of new scientific researches, and, accordingly, deepens the existing system of relevant economic categories used within then in the field of financing sustainable development
6
Al-Afeef, Mohammad Abdel Mohsen, Baliira Kalyebara, Nawaf Abuoliem, Amer N. Bani Yousef, and Mahmoud Abdel Muhsen Irsheid Alafeef. "Green finance and its impact on achieving sustainable development." Uncertain Supply Chain Management 12, no. 3 (2024): 1525–36. http://dx.doi.org/10.5267/j.uscm.2024.3.026.
Анотація:
This study aims to investigate the impact of green finance initiatives on achieving sustainable development goals in Jordan, with a specific focus on evaluating the effectiveness of green finance strategies in promoting environmental sustainability. The research applies the Autoregressive Distributed Lag (ARDL) method and assesses the connection of green finance, taken as the number of banks who increase the loan activity on ecology projects, and sustainable growth, given by the records of carbon releases. Relevant control variables involved in this consideration include income level, population, trade openness, and urbanization in addition to other factors that could otherwise cause a deviation which would generate biased results. The statistical tests show that green finance positively contributes to sustainable development in Jordan, and in the short- and long-term perspectives. Green finance and sustainable development have been a tightly connected two-way causality between them according to Dik and Panchenko's test, which implies that a virtuous cycle exists here. The results give extra weight and brilliant examples of the crucial role that green finance plays in the implementation of the sustainable development goals. It is this role that mainly enables reduction of carbon emissions in the world and mitigation of the negative consequences of climate change. They touch on the main issue of shaping the suitable conditions for green investment options and to create the interest for investing in sustainable development projects. This has become part and parcel of the green finance and sustainable development literature through the manifold of envisaged adjustments to our research design, a wide array of relevant control variables considered, and fully developed elaborated econometrics. It offers a direct response to the research gap by unfolding how becoming green finances takes place. This empowers the sustainable development outcomes in Jordan.
7
Shkodinа, Iryna V. "The Conception of Sustainable Digital Finance: Integrating Sustainable Finance with Digital Innovation." Business Inform 2, no. 553 (2024): 237–43. http://dx.doi.org/10.32983/2222-4459-2024-2-237-243.
Анотація:
This article aims to explore the use of digital finance and fintech in financing sustainable projects and explain trends in the development of sustainable digital finance. Sustainable digital finance is the targeted application of digital finance to finance and support appropriate institutional and market mechanisms that contribute to the achievement of sustainable development. It is determined that the decentralization of the financial sphere opens up new opportunities for «green» investments and achievement of sustainable development goals. Transparency, trust, and efficiency are becoming essential components of a sustainable financial ecosystem that conserves natural resources and supports environmentally friendly initiatives. The use of digital technologies such as artificial intelligence (AI), blockchain and the Internet of Things (IoT) in the financial sector to support sustainable development and green finance is considered. By providing financial risk forecasting and analysis, these technologies help create sustainable and effective strategies for issuers and investors, which contributes to the development of a sustainable financial sector. The taxonomy of «green» digital finance, which combines sustainable development goals with digital financial technologies, is considered. The characteristics and examples of different types of sustainable digital financial solutions are provided. The importance of continuing research in the field of sustainable digital finance to promote «green» initiatives and effectively address modern global challenges is emphasized. The practical value of this article is that it provides an overview of modern technological and financial innovations in green finance and sustainable development. The results of the study can be useful for researchers interested in the integration of finance and technology in the context of sustainable development, providing them with a basic understanding of key concepts and trends in this direction.
8
Zeb, Aurang, Muhammad Fahad Siddiqi, Ilyas Sharif, and Adil Adnan. "Islamic Finance and Sustainable Development Goals." Journal of Finance & Economics Research 7, no. 2 (June 2022): 66–81. http://dx.doi.org/10.20547/jfer2207205.
9
Морозова, Н. С., and М. А. Морозов. "DEVELOPMENT OF SUSTAINABLE FINANCE IN RUSSIA." Вестник Академии права и управления, no. 1(76) (February 26, 2024): 122–26. http://dx.doi.org/10.47629/2074-9201_2024_1_122_126.
Анотація:
В статье рассматриваются актуальные вопросы применения в России новых инструментов, отвечающих принципам устойчивого развития, к которым относят зеленые облигации, устойчивые инвестиционные фонды, ESG-депозиты и др. Показано, что устойчивое финансирование является ключевым трендом развития мировой финансовой системы и неизбежно его распространение и на российском финансовом рынке. Проведен анализ выпуска зеленых облигаций, размещенных на Московской бирже с 2016 по 2023 год и сделан вывод о том, что пока основными эмитентами являются крупные институциональные инвесторы с государственным участием. Показано, что ESG-финансирование приносит не только финансовый результат для компаний-инвесторов, но и способствует повышению имиджа и укреплению репутационного рейтинга. The article discusses topical issues of using new instruments in Russia that meet the principles of sustainable development, which include green bonds, sustainable investment funds, ESG deposits, etc. It is shown that sustainable financing is a key trend in the development of the global financial system and it is inevitable that it will spread to Russian financial market. An analysis of the issue of green bonds placed on the Moscow Exchange from 2016 to 2023 was carried out and it was concluded that so far the main issuers are large institutional investors with state participation. It has been shown that ESG financing not only brings financial results for investor companies, but also helps to improve the image and strengthen the reputation rating.
10
Baranes, Andrea. "Towards Sustainable and Ethical Finance." Development 52, no. 3 (August 28, 2009): 416–20. http://dx.doi.org/10.1057/dev.2009.47.
11
Biryukov, Vladimir, Elena Nemtchinova, Tatyana Pavlova, Ashot Kagosyan, and Tatyana Avdeeva. "Development of competence in the sphere of information security to achieve sustainable development." Journal of Law and Sustainable Development 11, no. 1 (February 10, 2023): e0267. http://dx.doi.org/10.37497/sdgs.v11i1.267.
Анотація:
Objective: Global information and technological changes have opened up new opportunities for information and public communication processes. The purpose of the study is to analyze the level of competence of future specialists in economics and finances in the field of information security and develop recommendations for its improvement.
Methods: The level of information security competencies of future specialists in economics and finance has been determined, characterized by the degree of awareness of the importance of readiness to work in corporate information security systems based on an empirical study using a survey of "Finance, banking, and insurance", "Accounting and taxation", and "Economics" students (94 people total) and a subsequent pedagogical experiment with their participation.
Results: Authors of the articles have described the main methods and directions of forming the ability of a future specialist in economics and finance to work responsibly in corporate institutions, which are associated, first of all, with the introduction of a special course "Security of financial and economic information in information systems".
Conclusion: The lack of readiness among economics and finance specialists to work in corporate information security systems may hinder the achievement of sustainable development. To address this issue, it is important to prepare future specialists in economics and finance for professional activity in the conditions of a corporate information security system. It is possible to prevent the development of negative phenomena in the field of information security with the help of the purposeful formation of appropriate competencies in specialists in economics and finance.
12
Khoroshilov, E. E. "SUSTAINABLE FINANCE in Canada." Scientific Journal ECONOMIC SYSTEMS 13, no. 4 (2020): 230–43. http://dx.doi.org/10.29030/2309-2076-2020-13-4-230-243.
Анотація:
The article analyzes Canadian sustainable development policy and Canada’s experiences in implementing sustainable financing mechanisms. It is concluded that accelerated development of sustainable financing mechanisms is favored by large Canadian financial institutions based mainly in the provinces of Ontario and Quebec. It is also noted that sustainable finance will increasingly discriminate in terms of access to financial resources enterprises, industries, regions and countries that do not meet the criteria of sustainability. Sustainable finance mechanisms could be also used as instruments of interstate, intersectoral and corporate competition.
13
Versal, Nataliia, and Antonina Sholoiko. "Green bonds of supranational financial institutions: On the road to sustainable development." Investment Management and Financial Innovations 19, no. 1 (February 7, 2022): 91–105. http://dx.doi.org/10.21511/imfi.19(1).2022.07.
Анотація:
The move to sustainable development and building a carbon-low economy needs funding. In this regard, a new direction in finance – green (sustainable) finance – has emerged. One of the green finance instruments is green bonds, first issued by supranational financial institutions. This paper aims to identify the features of green bond issues and implemented green projects by the World Bank (the WB) and the European Bank for Reconstruction and Development (the EBRD). Data were obtained from databases and reports of the WB, the EBRD, and the Climate Bonds Initiative. Data analysis was provided using statistical methods, particularly descriptive and comparative statistics. A positive trend in the issue of green bonds in the volumes and timing of the WB and the EBRD was revealed, despite the shift in emphasis caused by COVID-19. Renewable energy, energy efficiency, and clean transportation remain the primary directions of the WB, and the EBRD green projects amounted to more than 60% of total projects funding. The geography of green projects financed through the WB and the EBRD green bonds indicates that green projects are receiving significant funding from countries facing environmental challenges and demonstrating intent to green transition (the WB – China and India, the EBRD – Turkey, Poland, and Egypt). Supranational financial institutions were the first to come to the forefront of sustainable development funding and are now spearheading the creation of new financial instruments aimed at financing both green and social projects, leading to the emergence of sustainability bonds. Acknowledgment(s)The authors would like to thank the participants of the 1st International Conference on Sustainable Development (SDL 2021) for providing the valuable remarks and a fruitful discussion. This research received no specific grant from any funding agency in the public, commercial, or not-for-profit sectors.
14
CANBAZ, Muhammet Fatih. "Sustainable Development Goals and Islamic Finance Perspective." Gaziantep University Journal of Social Sciences 21, no. 4 (October 19, 2022): 1948–66. http://dx.doi.org/10.21547/jss.1109383.
Анотація:
Sustainable development, as a common task of humanity, represents the will to meet the needs of today's humanity and transfer it to future generations by wisely managing the resources necessary for the survival of generations without wasting them. In this study, the contribution of Islamic economics and finance to sustainability efforts and the opportunities it can offer are investigated by emphasizing this understanding that is compatible with the Islamic finance perspective. As a result of the research, it has been understood that Islamic economics can make great contributions to sustainable development through Islamic banks, social finance tools such as zakat, waqf, sadaqah, qard-al hasan, Islamic microfinance, Islamic crowdfunding, and the human model that will be revealed by Islamic finance education. In addition, it is claimed that sustainable development efforts are unsuccessful due to financial crises and environmental problems caused by capitalist understanding.
15
KRIPA, Ermela. "Sustainable Finance and Management. Challenges for Achieving Sustainable Finance & Management for Businesses." Economicus 23, no. 1 (2024): 5–6. http://dx.doi.org/10.58944/yxou8636.
Анотація:
Business and Sustainable Finance have taken a prominent place in the global political agenda in recent years. This is due to the alarming “turbulence” that the global economy is experiencing because of climate change, the Covid-19 pandemic, the Russia-Ukraine war, and the recent Israel-Palestine conflict.These rapid changes have made companies and organizations increasingly aware of their responsibility to society regarding the utilization of resources and the environment to generate economic prosperity. Sustainable financing has become a key concept in the global financial environment, transforming the way businesses and institutions conceive and act in relation to investment and capital distribution. This financing is nothing more than an approach that seeks to balance financial objectives with environmental, social, and governance considerations. This is a completely different approach from traditional finance, where profit maximization was the primary goal of every decision-making process. Currently, sustainable financing encompasses a perfect coordination between financial prosperity, social well-being, and environmental protection. According to United Nations summit for the adoption of the post-2015 development agenda, 2015, the 17 Sustainable Development Goals seek to build on the Millennium Development Goals and complete what they did not achieve.
16
Morunova, Galina V., and Alexey A. Belostotsky. "SUSTAINABLE DEVELOPMENT OF TERRITORIAL BUDGETS." Economy of the North-West: problems and prospects of development 2, no. 77 (May 24, 2024): 49–56. http://dx.doi.org/10.52897/2411-4588-2024-2-49-56.
Анотація:
In this article, the authors consider the issues of sustainable development of territorial budgets (state and local). Special emphasis is placed on changing the role of municipal finance in modern conditions: they become not only the economic basis of local self-government, but also the political exchange «state-population». The authors conclude that the strategy for the development of local government and municipal finance are issues of the federal level of government. Further, the presented analysis of the development of territorial budgets and the proposed approaches to increase their sustainability are of practical importance and can be recommended for implementation in relevant legal acts.
17
Pawłowska, Małgorzata, Aleksandra Staniszewska, and Marcin Grzelak. "Impact of FinTech on Sustainable Development." Financial Sciences 27, no. 2 (2022): 49–66. http://dx.doi.org/10.15611/fins.2022.2.05.
Анотація:
Since the global financial crisis of 2008, we have observed a very rapid increase in use of digital technologies in the finance and development of FinTech companies, and similarly the impact of climate risk on banking. The aim of the paper was to examine the impact of FinTech on achieving sustainable climate and social goals through innovative financial instruments. FinTech can boost the development of green finance, which addresses environmental protection or climate change and has become an opportunity for industrialised countries to achieve sustainable growth. Finally, this paper presents the positive and negative impact of FinTech on the sustainable growth perspective. To assess the impact of Fintech on sustainable finance, the authors carried out a critical analysis of the latest literature and reports of financial institutions.
18
Morunova, Galina V. "INSTITUTES OF FINANCE FOR SUSTAINABLE DEVELOPMENT OF REGIONS." Economy of the North-West: problems and prospects of development 1, no. 72 (May 30, 2023): 18–26. http://dx.doi.org/10.52897/2411-4588-2023-1-18-26.
Анотація:
The author explores the development of the ESG agenda in Russia, in particular, in the field of sustainable finance: the concepts of sustainable development finance, the history of their development, institutions of sustainable development finance both in Russia and abroad. The main tools of ESG finance, their classification features, statistics of their application are listed. Particular attention is paid to bonds as the most common instrument, as well as projects in the Russian Federation implemented at the expense of borrowed funds. The important role of banks in the implementation of the ESG agenda is outlined. Also analyzed are some problems of ESG finance institutions in the Russian Federation, as well as the instruments of sustainable development finance themselves and the possibilities of overcoming them.
19
Lagoarde-Segot, Thomas. "Financing the Sustainable Development Goals." Sustainability 12, no. 7 (April 1, 2020): 2775. http://dx.doi.org/10.3390/su12072775.
Анотація:
This paper contends that carving out pathways to finance the sustainable development goal (SDG) agenda entails to reconsider tacit assumptions regarding the functioning of financial systems. We first use a history of economic thought perspective to demonstrate the flaws of the loanable fund theory, which has come to underlie SDG finance strategies. We then introduce the alternative endogenous money theory using a consistent theoretical and accounting framework. This allows us to identify and discuss a set of financing mechanisms that would permit to bridge the SDG budget gap. These mechanisms include the issuing of sovereign green bonds, the modification of the European Central Bank’s collateral framework, changes in capital adequacy ratios, a market of SDG lending certificates and the introduction of rediscounting policies. We back up the discussion with examples from economic history.
20
LUTSIV, Bohdan, Tatiana MAYOROVA, and Pavlo LUTSIV. "“GREEN FINANCE” IN THE PARADIGM OF SUSTAINABLE BANKING DEVELOPMENT OF THE ECONOMY OF UKRAINE." WORLD OF FINANCE, no. 3(76) (2024): 64–76. http://dx.doi.org/10.35774/sf2023.03.064.
Анотація:
Introduction. The concept of sustainable development, which has been recognized by the UN and all countries of the world over the past 30-40 years, has become the consensus official paradigm of the world economy in the 21st century. The changed paradigm of the global economy, the foundation of which became the "Goals of sustainable development, the climate agenda and ESG – the transition created a new mega trend of the financial industry – “sustainable finance or finance of new quality”. “Green finance” is considered as a strategic direction of sustainable financing. The purpose of the article is to substantiate theoretical and practical conceptual approaches to the definitions of “green economy” and “green finance” in the new paradigm of the global economy, as well as their use in the sustainable investment development of Ukrainian economy. Results. Key initiatives in the field of sustainable development, as well as conceptual approaches to the definitions of "green economy" and "green finance" are considered. Focused attention on the concept of sustainable finance, the trend of which foresees a revolutionary approach from the classical paradigm of finance to a new paradigm. Financing instruments and mechanisms, such as green bonds, credits and loans, which are not fundamentally new in technical terms, but contain an ecological component, have been analyzed. It is argued that the concept of sustainable development finance acquires both theoretical justification and practical confirmation in the academic discourse. The NBU strategic approaches to the construction and development of sustainable financing, taking into account ESG factors in the European integration vector of Ukraine were studied. Conclusions. It is justified that the paradigm of sustainable finance should be considered in an inextricable relationship with the notions of sustainable development and sustainable investment, which is correlated with the achievement of sustainable development goals. In further scientific research, it is necessary to pay special attention to the key principles of the development of sustainable financing in Ukraine, especially the implementation of environmental, social and managerial (ESG) factors, which will become mandatory elements of the corporate management systems of financial institutions.
21
Xiong, Kai, and Yijun Yao. "Research on China’s Green Finance Promoting Sustainable Economic Development." E3S Web of Conferences 275 (2021): 02049. http://dx.doi.org/10.1051/e3sconf/202127502049.
Анотація:
With China’s economic development entering a new normal, green finance has become a new direction to explore the sustainable development of economy in the supply side structural reform task of “three removal, one reduction and one compensation”. Firstly, this paper analyzes the concept of green finance and its development status. Secondly, taking green credit as an example, this paper makes an empirical study on the contribution of green finance to sustainable economic development. Finally, according to the results of empirical research, some suggestions including increasing the application proportion of green finance, improving green financial products and business model and forming a market mechanism for green finance to promote green development independently, are put forward to improve the sustainable development of green finance in China.
22
DINCULESCU, Corina Georgeta. "FINANCE OF BIODIVERSITY." AGRICULTURAL ECONOMICS AND RURAL DEVELOPMENT 2023, no. 1 (May 20, 2024): 155–64. http://dx.doi.org/10.59277/aerd.2023.2.05.
Анотація:
The 2030 Agenda for Sustainable Development, adopted at the UN General Assembly in New York in 2015, then implemented by the European Union, respectively by Romania (through Romania’s Sustainable Development Strategy 2030), is a historic document, through its 17 goals, which promotes a sustainable future for all citizens. Structured on the three pillars of sustainable development – economic, social and environmental – it highlights one of the priorities of global sustainable development and a major concern of our time – environmental protection. Two of the Sustainable Development Goals of the 2030 Agenda – life on land and life in water – are found in the EU’s Biodiversity Strategy for 2030. This strategy is the cornerstone of nature protection in the EU, a key element of the European Green Deal. Biodiversity is disappearing at an unprecedented rate, with biodiversity loss and ecosystem collapse among the most important threats that humanity will face in the next decade. In this context, the EU member states must establish a series of commitments, objectives and appropriate specific measures to preserve the environment, substantially increase the allocation of financial resources necessary to achieve these objectives, so as to stop the loss of biodiversity. The objective of this approach is to highlight some aspects related to private and public financing for the protection of the environment and of biodiversity in Romania, based on statistical data. Evaluating public data sources, national concerns regarding the protection of the environment and biodiversity are highlighted, through specific indicators: national expenditures and investments for the protection of the environment, of biodiversity respectively, by categories of environmental services producers, by environmental domains, at European and national level.
23
Rani, Asni Mustika, Atih Rohaeti Dariah, Wesam Al Madhoun, and Popon Srisusilawati. "Awareness of sustainable finance development in the world from a stakeholder perspective." International Journal of Management and Sustainability 12, no. 3 (August 18, 2023): 323–36. http://dx.doi.org/10.18488/11.v12i3.3428.
Анотація:
Sustainable finance is one way to realize a new paradigm of sustainable development that incorporates social and environmental issues into economic calculations. However, in its implementation, each country faces different challenges in making and implementing policies to support sustainable finance. This study will analyze the public perception of Muslim-majority and Muslim-minority countries towards the implementation of sustainable finance in their respective countries and then analyze the stages of implementing sustainable finance. To analyze the level of implementation of sustainable finance, this study uses the concept of Attention-Interest-Desire-Action (AIDA). To collect data about the object of research using the methods of content analysis and field studies. Content analysis is all the efforts made by researchers in gathering information relevant to documents that explain the background of the existence of sustainable finance and its implementation in several countries. The field study is used to collect primary data regarding perceptions related to the context of sustainable finance, which can be used to determine the proportion of activities that substantially contribute to environmental objectives (climate change mitigation and adaptation efforts). Research results show that there is no difference in the views of respondents as development stakeholders regarding the implementation of sustainable finance in both Muslim-majority and minority countries. The majority of the two categories of country groups are still at the interest stage, reflected in high scores in normative statements and low scores in positive statements that describe real activities in running a sustainable finance system.
24
Bhusare, Shital Prakash, and Ruby Chanda. "Micro-Finance & Micro-Credit for Sustainable Development." IRA-International Journal of Management & Social Sciences (ISSN 2455-2267) 6, no. 3 (March 27, 2017): 365. http://dx.doi.org/10.21013/jmss.v6.n3.p4.
Анотація:
<div><p><em>Poverty is one of the biggest challenges to the development of a developing country like India where a major population is living in rural and semi-urban areas. Institutional credit is considered as a powerful tool for alleviating poverty. Microfinance is the supply of loans, savings, and other basic financial services to the poor. As the financial services of microfinance usually involve small amounts of money – small loans, small savings etc. the term "Microfinance" helps to differentiate these services from those of commercial banks. Microfinance in India has been through two channels of credit delivery to poor and low-income households–Self Help Group Bank Linkage Programme (SBLP) and the Microfinance institutions lending through groups as well as directly to individuals. This study was with the overall objective of conducting a detailed analysis of interest rates, costs and margins of microfinance institutions. </em></p><p><em>This study highlights the reach and the impact on the customers and the channels used by these firms for the effectiveness of Micro Finance and Microcredit schemes. For the purpose of analysis the statistical tools like Mean, Standard deviation, coefficient of co-relation and regression have been used. </em></p><p><em>Microfinance is playing a very important role in decrease poverty. Microfinance to the rural SHGs is a way to raise the income level and improve the living standards of the rural peoples. Thus, it can be concluded that the self-help groups contribute substantially in pushing the conditions of the rural population up.</em></p></div>
25
AJMAL, HAMZA, and TAIMOOR QURESHI. "MICRO-FINANCE AND SUSTAINABLE DEVELOPMENT: EVIDENCE FROM PAKISTAN." Paradigms 5, no. 1 (December 15, 2011): 88–113. http://dx.doi.org/10.24312/paradigms050105.
26
Tariqullah Khan, Tariqullah Khan. "Reforming Islamic Finance for Achieving Sustainable Development Goals." journal of king Abdulaziz University Islamic Economics 32, no. 1 (January 1, 2019): 3–21. http://dx.doi.org/10.4197/islec.32-1.1.
Анотація:
The paradigm of Islamic economics and finance is guided by the motivation of comprehensive human development (CHD) and its preservation as manifested in the objectives of Sharīʿah (maqāṣid al-Sharīʿah). However, the real world free-market economies are driven by the linear economy paradigm under the influence of Hotelling’s 1931 famous work concerning the economics of exploiting natural resources, in which, the ecological environment is not recognized as a resource. The global financial architecture is designed to protect and preserve the linear economic paradigm. In practice, Islamic finance has also remained a ḥalāl sub-set of this system. The resultant social, environmental, and governance imbalances have recently led to different initiatives sponsored by the UN including the Sustainable Development Goals (SDGs). Like the maqāṣid, the SDGs also aim at achieving and preserving human development. In practice, for the first time, a real paradigm shift from the linear to the ecological/circular economy is noticeably taking place, also inducing the transformation of the financial architecture. In this paper, in a broader perspective, we use the CHD and SDGs interchangeably, and discuss a number of paradigmatic and regulatory reforms that will be required to enhance the actual effectiveness of Islamic finance in achieving the ideals of CHD, and the SDGs at large. The paper in fact outlines a wider scope of the potential reform initiatives.
27
Setiawan, Sigit, Poppy Ismalina, R. Nurhidajat, Cornelius Tjahjaprijadi, and Yusuf Munandar. "GREEN FINANCE IN INDONESIA’S LOW CARBON SUSTAINABLE DEVELOPMENT." International Journal of Energy Economics and Policy 11, no. 5 (August 20, 2021): 191–203. http://dx.doi.org/10.32479/ijeep.11447.
28
Serfati, Claude. "Globalised finance-dominated accumulation regime and sustainable development." International Journal of Sustainable Development 3, no. 1 (2000): 40. http://dx.doi.org/10.1504/ijsd.2000.001525.
29
Yakovlev, I. A., and L. S. Kabir. "Climate Finance in the Context of Sustainable Development." Economics, taxes & law 12, no. 5 (October 31, 2019): 44–51. http://dx.doi.org/10.26794/1999-849x-2019-12-5-44-51.
Анотація:
The importance of the research lies in the fact that the concept “climate finance” has not been clearly defined. To reach unambiguity in understanding and interpretation of the term for all the stakeholders is very important. That is because of several reasons. Firstly, it will help determine the level of fulfillment by states the crucial purpose of sustainable development to urgently deal with climate change and its consequences which were decided by the General Assembly of UN in 2015 up to the year of 2030. Secondly, it helps people making investment decisions about the projects dealing with climate change consequences mitigation to feel more confidently. Thirdly, it influences the quality and efficiency of newly forming national ecological policy. The purposeof the article is to systemize the notion of climate finance basing on the principles of UN Framework Convention on Climate Change that is used as the intergovernmental basis for coordinating global reacting to climate change.The article analyses different approaches to climate financing, fixed in UN Framework Convention on Climate Change documents, as well as the practice of climatically conditioned actions, discussed at a special session of UN on climate change and in current scientific research. It is concluded that adaptation of conceptual novelties in the sphere of climate finance in order to achieve sustainable development requires effective policy and instruments, which is difficult to achieve in the conditions of not clearly defined processes and phenonena.
30
Zheng, Heran, Xin Wang, and Shixiong Cao. "The land finance model jeopardizes China's sustainable development." Habitat International 44 (October 2014): 130–36. http://dx.doi.org/10.1016/j.habitatint.2014.05.008.
31
Scholtens, Bert, Pontus Cerin, and Lars Hassel. "Sustainable development and socially responsible finance and investing." Sustainable Development 16, no. 3 (2008): 137–40. http://dx.doi.org/10.1002/sd.359.
32
Syed Nazim Ali, Syed Nazim Ali. "Big Data, Islamic Finance, and Sustainable Development Goals." journal of king Abdulaziz University Islamic Economics 33, no. 1 (January 1, 2020): 83–90. http://dx.doi.org/10.4197/islec.33-1.6.
Анотація:
The adoption of the 2030 sustainable development goals (SDGs) by the UN member nations is of great importance. These goals seek to ensure that no single individual is left behind, and everyone is carried along. Key to achieving these goals is to ensure the availability of data and skills necessary for interpreting such data. Paucity of data is a major issue faced by several developing countries towards achieving the sustainable developing goals.
33
Kshetri, Nir, Elena Loukoianova, and Jeffrey Voas. "Fintech Applications for Climate Finance and Sustainable Development." Computer 57, no. 7 (July 2024): 160–65. http://dx.doi.org/10.1109/mc.2024.3394354.
34
Li, Peixuan. "Practical Experience and Enlightenment of Sustainable Financial Development in the European Union." Journal of Innovation and Development 4, no. 3 (October 18, 2023): 31–34. http://dx.doi.org/10.54097/jid.v4i3.12829.
Анотація:
Currently, developing green finance and serving a green economy has become a global consensus. The European Union's (EU) sustainable finance has an early origin, rich development experience, and a relatively complete framework system. The EU Action Plan: Financing Sustainable Development provides strong guidance to promote sustainable finance, and this initiative stimulates interbank market regulators to act quickly to achieve the goal of sustainable development. Additionally, Through the plan, European standards for green finance business have been unified, which has dramatically improved the efficiency of green finance in the interbank market and helped to facilitate effective convergence among financial institutions. The EU's sustainable financial system has an extremely excellent hierarchy, clear guidelines, a solid foundation, and profound influence, and it provides important guidance and reference for the development of green finance in China.
35
Al Madani, Hanan, Khaled O. Alotaibi, and Salah Alhammadi. "The role of Sukuk in achieving sustainable development: Evidence from the Islamic Development Bank." Banks and Bank Systems 15, no. 4 (December 3, 2020): 36–48. http://dx.doi.org/10.21511/bbs.15(4).2020.04.
Анотація:
The purpose of this study is to examine the compliance of Islamic Development Bank (IDB) Sukuk with Maqasid Al-Shari’ah (objectives of Islamic law) in relation to human development and well-being. The paper provides a theoretical model explaining how Sukuk can achieve Maqasid Al-Shari’ah by assessing the role of Sukuk in the circulation, development, and preservation of wealth to attain social justice. This study employs a qualitative methodology using an empirical case study. The primary data are collected through elite semi-structured interviews. The secondary data are obtained using a content analysis method from Sukuk’s Principle Terms and Conditions, Information Memorandum and IDB’s annual reports for the period 2007–2017 to explain the structures and features of the Sukuk and examine their compliance with the developed model. The findings indicate that the Medium Term Note (MTN) Sukuk program positively serves the elements of hifth al-mal (safeguarding wealth), showing a direct relationship between the shift of wealth among parties and the compliance of Maqasid Al-Shari’ah. This implies that the investments made by Sukuk would benefit everyone, including individuals, institutions, societies, and the whole country, to achieve human well-being and sustainable development. Nonetheless, the analysis suggests that Shari’ah supervisory boards need to focus more on the substance when structuring Sukuk to help Islamic finance benefit in terms of moving towards the achievement of Maqasid Al-Shari’ah.
36
Mo, Yalin, Dinghai Sun, and Yu Zhang. "Green Finance Assists Agricultural Sustainable Development: Evidence from China." Sustainability 15, no. 3 (January 21, 2023): 2056. http://dx.doi.org/10.3390/su15032056.
Анотація:
Whether green finance can promote agriculture to achieve carbon emission reduction is an important issue in agricultural sustainable development. Based on panel data on 30 provinces in China from 2011 to 2020, this paper established a mediation effect framework and employed stepwise regression and bootstrapping to study whether and how green finance can promote carbon emission reduction in China’s agricultural sector. The empirical research results indicate that the development of green finance can significantly reduce China’s agricultural carbon emission intensity. Using instrumental variables for robustness regression tests, the empirical results were also found to be robust. Further research found that green finance can not only directly promote agricultural carbon emission reduction but also indirectly facilitate it by optimizing the agricultural industrial structure and guiding agricultural technological progress. Finally, this article puts forward a number of policy recommendations to actively develop green finance, optimize the structure of the agricultural industry, and promote the progress of agricultural technology with the overarching aim of promoting the sustainable development of China’s agriculture through green finance.
37
Mudretsov, Anatoly F., and Аnna А. Prudnikova. "Green finance development: global trends and prospects." Market economy problems, no. 4 (2022): 102–11. http://dx.doi.org/10.33051/2500-2325-2022-4-102-111.
Анотація:
Subject/Topic. The article considers the problems of development of green finance, ensuring the provision of funds aimed at combating climate change and adaptation to the effects of climate change, as well as the implementation of sustainable development goals. Goals/Objectives. The purpose of the study is to assess the level and structure of green finance, to identify the factors that determine its development, taking into account the latest trends in the world economy and the world finance of the 21st century. Methodology. The study is based on the concept of sustainable development and the problem-oriented approach. Analytical work was carried out on the basis of analysis and synthesis, methods of comparison and grouping, economic analysis and modelling. Results. The development of the green finance market is conditioned by the understanding and awareness of environmental risks and the efforts of business to be socially responsible, in doing so, commitment to sustainable development becomes a priority in company strategies. The article conducts analysis of development of green finance, identifies problem aspects related to development of green finance instruments. Conclusions/Significance. It is concluded that it is advisable to stimulate the use of various green finance instruments, as they can bring significant benefits, both for developed and for developing countries. However, the regulatory framework for sustainable development needs to be further developed, with harmonization of green finance policies and standards not only at the national level but also at the global level.
38
Liu, Xingze. "Analyze the Relationship Between Sustainable Economic Development and Green Employment." Advances in Economics, Management and Political Sciences 79, no. 1 (April 26, 2024): 188–95. http://dx.doi.org/10.54254/2754-1169/79/20241816.
Анотація:
In the contemporary era of global climate modification and growing environmental apprehensions, sustainable finance has emerged as a pivotal mechanic to drive forward K's economic expansion. This finance approach has gained increasing implications as efforts worldwide converge towards the Sustainable Development Goals (SDGs). Sustainable finance transcends the confines of the economic world; it exercises a spacious tempt, generating societal and environmental benefits while concurrently aligning financial investments to the imperative urgency of preserving our major planet. This forward-thinking financial strategy provides support and impulse for increasing sectors that are not solely financially lucrative, but also environmentally sustainable, thereby signifying a significant deviation from conventional investment paradigms. Its pivotal function in driving the green economy towards a bright future is particularly evident in emerging sectors such as renewable energy, sustainable agriculture, and eco-friendly technology. Furthermore, sustainable finance looseness fundamentally affects caper creation within these light-green industries. By channeling resources towards these sectors, sustainable finance not only aids in mitigating the negative repercussions of climate change but also fosters employment prospects in critical areas for shaping a sustainable time. Acquiring such knowledge is essential for guiding global endeavors to accomplish an economy that is sustainable, inclusive, and environmentally resilient.
39
Ozili, Peterson K. "Digital Finance, Green Finance and Social Finance: Is thera a Link?" Financial Internet Quarterly 17, no. 1 (March 1, 2021): 1–7. http://dx.doi.org/10.2478/fiqf-2021-0001.
Анотація:
Abstract Identifying the intersection between digital finance, green finance and social finance is important for promoting sustainable financial, social and environmental development. This paper suggests a link between digital finance, green finance and social finance. Using a simple conceptual model, I show that digital finance offers a smooth, efficient and seamless channel for individuals and corporations to fund social projects that deliver a social dividend, and green projects lead to a sustainable environment. The implication is that digital finance is both an enabler and a channel for efficient green financing and social financing.
40
AGÂRBICEANU, Simona Marcela, and Tatiana PĂUN. "THE NEED FOR A PARADIGM SHIFT IN FINANCE: SUSTAINABLE CORPORATE FINANCE." Management of Sustainable Development 13, no. 1 (June 1, 2021): 33–38. http://dx.doi.org/10.54989/msd-2021-0006.
Анотація:
Under current global conditions, finance may play a critical role in allocating investment to sustainable enterprises and projects, thereby hastening the transition to a low-carbon circular economy. Finance promotes risk assessment and, as a result, can aid in addressing the inherent ambiguity surrounding environmental concerns such as the impact of carbon emissions on climate change. In recent decades, thinking about sustainable finance has progressed through several stages, with the emphasis steadily changing from short-term profit to long-term value creation. This study seeks to conduct an examination of the concept and premises of sustainable corporate finance based on literature research, with the goal of bringing arguments to the need to shift the financial paradigm. This emerging perspective emphasizes that, while profit creation and maximization are important, firms must also seek other goals that have an impact on society, such as those connected to sustainable development. The integration of environmental, social, and governance components into financial decision-making processes is referred to as sustainable finance. Recent developments highlight the importance of businesses' commitment to responsible behavior in transforming the company into a truly sustainable enterprise that adds value to the business, society, and the environment.
41
Sunarya, Silma Lafifa, and Aam Slamet Rusydiana. "A Qualitative Review on Islamic Sustainable Finance." AL-MUZARA'AH 10, no. 2 (December 26, 2022): 197–212. http://dx.doi.org/10.29244/jam.10.2.197-212.
Анотація:
The current paradigm of Islamic economics and finance leads to comprehensive human development by taking into account the objectives of Islamic sharia (maqasid sharia). This study aims to determine the development and mapping of Islamic Sustainable Finance from research published by reputable journals with the theme of Islamic economics and finance. This study uses a qualitative method with data collection in the form of journal publications from various Scopus-indexed journals with the theme of Islamic Sustainable Finance. There are 154 journal publications with the theme of Islamic Sustainable Finance for the period 1994-2022. The data were processed with Microsoft Excel and analyzed using Nvivo 12 Plus software. The results show a fairly fluctuating increase in journal publications with the theme of Islamic Sustainable Finance. Of the 154 published journals indexed by Scopus, the words that appear the most are Islamic, finance, financial, sustainable, development, social, banking, financing, waqf, and economic with the percentage of each word being 3.22%, 1.55%, 1.50 %, 0.95%, 0.84%, 0.78%, 0.68%, 0.54%, 0.49%, and 0.48%. That is, most states that the development of Islamic finance is sustainable, in terms of banks, social financing, waqf, economics, and so on. This research is expected to add to academic studies related to Islamic finance to achieve a sustainable future for Islamic finance.
42
Bisultanova, Aza. "Sustainable financial services as a tool for sustainable economic development." E3S Web of Conferences 458 (2023): 05004. http://dx.doi.org/10.1051/e3sconf/202345805004.
Анотація:
The author reviewed the essence and role of sustainable financial services, emphasised the main aspects of the introduction of sustainable financial services, and provided a chronology of the introduction of global climate initiatives. Due to the fact that in many countries the level of development of “green” finance is still relatively low and further development requires efforts at the level of governments, financial institutions, investors and the public, the author emphasises the need to focus on promoting the development of a sustainable financial system, which will further contribute to solving environmental problems and achieving sustainable development goals. The author also touched upon the factors that influence the degree of development of “green” finance in different countries of the world and noted that in developed and developing countries there is a striking contrast in the use of “green” financial instruments and it is natural. It is undeniable that “green” financial instruments are a significant help in solving the problem of concentration of financial resources for active implementation of green economy principles. Consequently, governments are taking all measures to stimulate green capital to accelerate the achievement of sustainable development goals.
43
Stojanović, Dragica. "Sustainable economic development through green innovative banking and financing." Economics of Sustainable Development 4, no. 2 (2020): 35–44. http://dx.doi.org/10.5937/esd2001035s.
Анотація:
The essence of the paper is a new concept of finance, which is synchronized with the environmental processes of the planet development - green finance. Green finance is positioned between the financial industry, sustainable economic development, and environmental protection. Banks can play a relevant role in promoting environmental sustainability by financing environmentally and socially responsible projects. To fulfill this role, the banking sector in certain countries has adopted the concept of Green Banking which promotes environmentally responsible financing and sustainable internal processes. The paper aims to study the role of banks in sustainable economic development through green banking activities. Building on the theoretical concept of green finance and green banking activities, it is ultimately suggested that developing green banking products are is a proactive idea that might enable eco-friendly business practices for present and future generations.
44
Korytsev, Maksim A., and Serafim A. Morozov. "Institutional Development of Sustainable Finance: its Potential and Current Limitations." Journal of Economic Regulation 13, no. 4 (December 30, 2022): 125–37. http://dx.doi.org/10.17835/2078-5429.2022.13.4.125-137.
Анотація:
Sustainable finance instruments have invaluable importance for achieving SDGs and mitigation of the global climate change in particular. Despite significant market capitalization, there are some serious challenges for the further growth of this market such as blank spaces in legislation and lack of transparency in evaluation of the real impact of projects claimed to be sustainable and companies willing to borrow funds on this market, which confuses investors. This paper analyzes the current state and prospects of the global sustainable finance market and the institutional infrastructure supporting it. A brief overview of the national Russian sustainable finance market is included.
45
Sunguryan, Artem S. "SUSTAINABLE FINANCING AND ESG PRINCIPLES IN MULTILATERAL DEVELOPMENT BANKS." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1/4, no. 133 (2023): 83–90. http://dx.doi.org/10.36871/ek.up.p.r.2023.01.04.011.
Анотація:
Multilateral banks are the first institutional investors to use dedicated climate and financial finance. Raised through green, social and sustainability-linked bonds, these organizations are funding priority projects related to the energy transition, climate change mitigation and recovery, and develop social infrastructure. As interest in the above financial instruments has grown, Multilateral Development Banks have lost the lead to private financial and non-financial corporations, but are still innovators in the field of sustainable finance, as evidenced by the recent experience of the emerging blue finance. One of the problems of multilateral development banks in terms of sustainable financing is their strategic goal setting in this area. Focusing only on a quantitative indicator in the form of climate finance, as well as the lack of quantitative indicators in terms of the social sector in their strategies, do not allow us to assess the effectiveness of the measures taken by these institutions.
46
Cotton, Deborah. "Transition Finance and Markets." ACRN Journal of Finance and Risk Perspectives 9, no. 1 (2020): 137–47. http://dx.doi.org/10.35944/jofrp.2020.9.1.011.
Анотація:
The increased focus and agreement on the requirement for the planet to be more sustainable has led to an array of new research and financial products. The new buzz phrase is transition financing which is being seen as the path to achieving a sustainable world. The Development Assistance Committee (DAC) in the Organisation for Economic Co-operation and Development (OECD, 2019) has the main objective of transition finance is to optimise access to finance for sustainable development to avoid financing gaps or socio-economic setbacks. This chapter examines some of the products and markets in current use by financial institutions and investors. It describes their use and recent research in this area as well as some gaps in this research.
47
Li, Xinli, Junzhou Yan, Jun Cheng, and Jiaying Li. "Supply-Chain Finance and Investment Efficiency: The Perspective of Sustainable Development." Sustainability 15, no. 10 (May 11, 2023): 7857. http://dx.doi.org/10.3390/su15107857.
Анотація:
Recent debates regarding supply-chain finance have separated financial attributes from supply-chain attributes, ignoring their unity and the utilization efficiency of funds after financing. Can supply-chain finance affect corporate investment efficiency? There is still insufficient research in existing studies. In this paper, multiple regression analysis is used on 9757 listed companies in China for the period 2010–2020, to empirically test the impact of supply-chain finance on investment efficiency by integrating financial and supply-chain attributes of supply-chain finance, and we further analyze its mechanism. The results show that supply-chain finance can alleviate corporate under-investment and inhibit over-investment. The relationship is stronger for nonstate-owned corporations and is stronger when corporations operate in a superior information environment. Further, financial constraint plays an intermediary role between supply-chain finance and under-investment, while corporate social responsibility plays an intermediary role between supply-chain finance and over-investment. This study enriches the relevant research on the economic consequences of supply-chain finance, and provides new evidence for how supply-chain finance can promote the high-quality development of the real economy.
48
Bisultanova, Aza A. "SUSTAINABLE FINANCE: INTERNATIONAL PERSPECTIVES AND LOCAL INITIATIVES." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 12/2, no. 141 (2023): 153–59. http://dx.doi.org/10.36871/ek.up.p.r.2023.12.02.019.
Анотація:
This article examines the key role of sustainable financial services in achieving the Sustainable Development Goals. Financial institutions that provide sustainable financial services direct funds to projects that contribute to environmental, social and economic sustainability. Investments cover such areas as renewable energy sources, energy-efficient technologies, sustainable agriculture and solving social problems. The article also emphasizes the importance of financing projects aimed at solving social problems such as poverty and inequality. Sustainable financial services facilitate portfolio management based on environmental and social criteria, as well as support innovations and technologies that contribute to sustainable development. In addition, the article draws attention to foreign and Russian scientists who have made an important contribution to the study of sustainable development, noting their expertise in the fields of public health, economics, ecology and nature management. Additionally, examples of the development of green finance in countries with different levels of economic development are discussed. In particular, the active promotion of green finance in the European Union, the impact of government policy on the development of green initiatives in the United States, as well as the peculiarities of developing countries in the context of limited financial resources and priorities are considered. The article highlights the importance of global attention to climate issues in stimulating interest in green financial instruments and identifies trends and challenges in various parts of the world. In conclusion, it is emphasized that the successful conduct of research on the effectiveness of sustainable finance requires the use of indicators capable of measuring and evaluating the achievement of sustainable development goals, which is an important element in supporting environmental and social responsibility in the financial sector.
49
Hatter, Warren. "Mainstreaming Sustainable Development." Local Economy: The Journal of the Local Economy Policy Unit 22, no. 1 (February 2007): 6–11. http://dx.doi.org/10.1080/02690940601121369.
50
Kwilinski, Aleksy, Oleksii Lyulyov, and Tetyana Pimonenko. "Spillover Effects of Green Finance on Attaining Sustainable Development: Spatial Durbin Model." Computation 11, no. 10 (October 5, 2023): 199. http://dx.doi.org/10.3390/computation11100199.
Анотація:
Attaining sustainable development goals is a complex process that involves a range of economic, social, and environmental factors. It requires investments in infrastructure, technology, and human capital. In this case, green finance is conducive to channel investments toward sustainable projects and initiatives by providing incentives for environmentally friendly practices and technologies and by encouraging companies and investors to adopt sustainable business models. This paper aims to check the spatial spillover effect of green finance on attaining sustainable development for European Union (EU) countries for 2008–2021. The study applies the spatial Durbin model to explore the research hypothesis. The findings confirm that green finance promotes the achievement of sustainable development goals. However, the impact of green finance on attaining sustainable development is heterogeneous depending on the EU region. In this case, the EU should intensify its green finance policy considering the regional features that significantly affect the achievement of sustainable development goals by reducing greenhouse gas emissions, improving energy efficiency, and promoting renewable energy. In addition, it is necessary to develop alternative financial sources involving green bonds that could be used to fund green projects on renewable energy projects, green building construction, etc.