Open AccessECONOMIC GROWTH «GREEN» FINANCING: CONCEPTS AND PROBLEMS
Author(s) -
Tea Lazarashvili
Publication year - 2020
Publication title -
globalizac'ia da biznesi
Language(s) - English
Resource type - Journals
eISSN - 2449-2612
pISSN - 2449-2396
DOI - 10.35945/gb.2020.09.006
Subject(s) - green economy , sustainable development , investment (military) , natural resource , green growth , business , environmental pollution , population , financial crisis , natural resource economics , finance , economics , economic system , economic policy , environmental protection , ecology , political science , geography , demography , macroeconomics , sociology , politics , law , biology
Environmental pollution, exhausting natural resources and effects of climate change are causing economic stresses and therefore require significant financial expenses. Environmentally sustainable growth funding requires a significantamount of investment. First of all, we are talking about «green» financing of global projects. The main factor in the development of green economy is the green financing that can prevent social, economic and ecological changes caused by the sharp expansion of the global population and the catastrophic exhaustion of naturalresources and their negative consequences. The financial sector, with active support of the state, can provide global sustainable development and qualitative changes in such conditions. In the format of the United Nations Conference in 2012, most of the global agreements on the «green» economy were taken at the global level. It is noteworthy that the uniform definition of «green» economics has not yet been established.Mainly under the green economy, economic activity is meant, which improves human wells, ensures social justice and significantly reduces the risks to the environment and nature.