Green Finance: Regulation and Instruments

Vesna Martin
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Vesna Martin: National Bank of Serbia, Belgrade, Serbia

Journal of Central Banking Theory and Practice, 2023, vol. 12, issue 2, 185-209

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.

Keywords: green finance; sustainability objectives; environment regulation; climate protection. (search for similar items in EconPapers)
JEL-codes: E44 E58 O44 Q58 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:12:y:2023:i:2:p:185-209

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