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Green Finance: Regulation and Instruments

Author

Listed:
  • Vesna Martin

    (National Bank of Serbia, Belgrade, Serbia)

Abstract

Green finance is the basis for the development of sustainable financing of environmental projects with the aim of respecting environmental and social aspects in making investment decisions. The development of green finance enables a green transition towards economic growth that will be sustainable in the long run because it is based on the principles of preserving the environment and reducing the risk of climate change. This creates a basis for preserving macroeconomic stability based on the development of new alternative sources of financing. The aim of this paper is to present green finance, with special reference to Serbia. The paper covers the regulation of green finance, but also the analysis of green finance instruments in terms of types and features and their development.

Suggested Citation

  • Vesna Martin, 2023. "Green Finance: Regulation and Instruments," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 12(2), pages 185-209.
    • Handle: RePEc:cbk:journl:v:12:y:2023:i:2:p:185-209
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    File URL: http://www.cbcg.me/repec/cbk/journl/vol12no2-8.pdf
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    More about this item

    Keywords

    green finance; sustainability objectives; environment regulation; climate protection.;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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