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The Role Of Sustainable Finance And Investments In The Green Recovery

Author

Listed:
  • FRONE SIMONA

    (INSTITUTE OF NATIONAL ECONOMY)

  • PLATON VICTOR

    (INSTITUTE OF NATIONAL ECONOMY)

  • CONSTANTINESCU ANDREEA

    (INSTITUTE OF NATIONAL ECONOMY)

Abstract

The climate change and sustainable development issues have increasingly become a subject of global concern in the last decades and even more due to the impact of the Covid-19 pandemic. Therefore, the concept of sustainable finance has gained lately more substance and features. The main objective of this research is to conceptually analyse the character and importance of sustainable finance as required nowadays for a green recovery after the latest major health, environmental, financial, economic, and social Covid-19 crisis and for the transition to a sustainable economy, in the particular case of European Union. The methodology is based on the literature, own outcomes, analysis and synthesis, in order to reveal some of the most important factors for the development of a new paradigm of sustainable finance as well as the objectives and principles of development. The first part is dedicated to the scientific and theoretical background, while in the second part of the paper body it is analysed the sustainable financial system of the European Union. Although the foundation blocks have been stated and there are already successful sustainable investments in green projects (as in Romania e.g.) conclusions suggest that this is only the beginning of a new era of the sustainable financial framework, enabling the EU economy to transform and recover while taking in consideration the ESG criteria and especially the climate neutrality goals.

Suggested Citation

  • Frone Simona & Platon Victor & Constantinescu Andreea, 2021. "The Role Of Sustainable Finance And Investments In The Green Recovery," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 59-67, October.
    • Handle: RePEc:cbu:jrnlec:y:2021:v:5:p:59-67
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    References listed on IDEAS

    as
    1. Simona Frone & Andreea Constantinescu, 2018. "Concerns And Challenges On Wastewater Treatment Capacities Development In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 74-83, December.
    2. Simona Frone & Victor Platon & Andreea Constantinescu, 2020. "Links And Synergies Of Sustainable Development Goals," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 53-61, October.
    3. Bożena Ryszawska, 2018. "Sustainable Finance: Paradigm Shift," Springer Proceedings in Business and Economics, in: Agnieszka Bem & Karolina Daszyńska-Żygadło & Taťána Hajdíková & Péter Juhász (ed.), Finance and Sustainability, pages 219-231, Springer.
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    Cited by:

    1. Iulia Lupu & Adina Criste, 2022. "Tendencies In Green Finance," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 57-63, June.

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