A SURVEY OF LITERATURE ON THE DEVELOPMENT OF GREEN FINANCE AND GREEN BANKING

Fat Codruta Maria and Farcas Ioana Georgiana
Additional contact information
Fat Codruta Maria: BABES-BOLYAI UNIVERSITY, FSEGA
Farcas Ioana Georgiana: BABES-BOLYAI UNIVERSITY, FSEGA

Annals - Economy Series, 2024, vol. 3, 170-174

Abstract: The continuous environmental degradation confronts the finance world with a new challenge, namely financing green projects. Therefore, it is relevant to analyze the current literature stand in terms of the development of these financial products, as well as the possible determinants, and effects of these on the banking sector. Our survey of literature presents that most of the previous empirical studies concentrate on the willingness of the financial sector to diminish the environmental impact of financial products, and the costs associated with the implementation of such products. Nevertheless, a high number of studies show the significant role of central banks’ policies related to financial institutions’ activities, especially in green lending. However, a lack of literature that may persist is correlated with the positive determinants of green finance tools that might increase the effectiveness of these financial products to significantly diminish the climate risk.

Keywords: green finance; green banking; green credit; sustainable development (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.utgjiu.ro/revista/ec/pdf/2024-03/17_Fat.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2024:v:3:p:170-174

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).