 THE ROLE OF MANDATORY OBLIGATIONS IN FINANCING THE TRANSFORMATION OF THE EUROPEAN ENERGY SECTORGeanina Iulia BO?OTEANU (radacina) ()
Contemporary Economy Journal, 2019, vol. 4, issue 4, 87-95 Abstract: The transition to a low-carbon, resource-efficient economy implies multiple environmental benefits. Financial stability is threatened by the consequences of climate change that can lead to major economic losses in case of droughts or floods, soil erosion. The financial system has an important role to play in tackling the impact of climate change by securing funding for green investment. The current level of investment is not enough to promote an environmentally sustainable economy and to combat climate change and depletion of resources. To achieve the objectives of the European Union, the Paris Agreement requires additional investment of € 180 billion, so more private capital flows need to be directed towards sustainable investment. In this context, the objective of the research is to determine the level and trends of financing through green bonds of the capital requirement for transforming the European energy sector into a sector that uses renewable energy to produce energy. Keywords: climate change; green investment; sustainable economy; green bonds; european energy system (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:4:y:2019:i:4:p:87-95 Access Statistics for this article More articles in Contemporary Economy Journal from Constantin Brancoveanu University |
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