Financing Sustainable Economic Growth: Evidence from Europe

Krzysztof Marecki (), Agnieszka Wójcik-Czerniawska () and Zbigniew Grzymała ()
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Krzysztof Marecki: Warsaw School of Economics
Agnieszka Wójcik-Czerniawska: Warsaw School of Economics
Zbigniew Grzymała: Warsaw School of Economics

A chapter in Eurasian Business and Economics Perspectives, 2022, pp 289-306 from Springer

Abstract: Abstract An important part of this article’s argument is that environmentally friendly finance and investment practices are becoming increasingly important. To implement the Sustainable Developmental Goals, private sector resources are needed. It’s important to develop and execute technologies that help investors make the right decisions. Sustainable finance policy for the European Union is being developed with help from the European Commission’s High-Level Expert Group on Sustainable Finance. Sustainability considerations were to be integrated into risk management, among other things, as part of the action plan for sustainable economic growth’s goals, as well as promoting transparency and long-term thinking in the financial and economic activity. The adoption of a European Union taxonomy for sustainable development activities was one of the most critical and urgent objectives outlined in the action plan for financing sustainable economic growth. Additionally, the classification method can be freely used by other business owners. To evaluate the utilization of source data and international deals that incorporate financial sustainability, the technique is based on a desk survey. The findings reveal that a great deal of work has been done to ensure financial stability and a great deal of money has been invested in this goal.

Keywords: Sustainable development; Economy; Finance; European Union taxonomy; Multidimensionality; Innovation; Green Deal (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-14395-3_16

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DOI: 10.1007/978-3-031-14395-3_16

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