Sustainable Financing in BRICS Countries as a Mechanism for Green Economy Achieving in New Conditions

Elena S. Zakharchenko, Anastasia V. Khodochenko, Oksana S. Chernobay, Olga B. Ivanova and Elena D. Kostoglodova

Chapter 7 in Sustainable Development of the Green Entrepreneurial Economy, 2025, pp 73-82 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The sustainable development concept covers almost all areas of activity, including foreign direct investments, and provides solutions to all major problems and opportunities currently faced by BRICS. A new economic development model for BRICS countries should be based on green principles, which contribute primarily to environmental improvement. Sustainable financing will improve the conditions for adopting the green agenda in BRICS countries, which will play a connecting role in strengthening the economy, protecting the BRICS country’s ecosystems, and achieving sustainable economic growth in general. These aspects largely depend on financing, and the new BRICS economic model implies a transition to a green development strategy. The research aims to study basic financial and non-financial data to identify key areas of FDI and sustainable green development in BRICS countries. Paying special attention to investments, the authors provide a systemic view of the current situation, volumes, and directions of investments in BRICS countries as a whole, and the results achieved in terms of the green economy. The relevance of this research is justified by the need to analyze the current situation of new members of this association. New BRICS members have certain characteristics that potentially determine their investment potential, which will have an impact on the “old” member countries. The authors also identify the main financial development trends of BRICS countries.

Keywords: Green Entrepreneurial Economy; Sustainable Development; Sustainable Development Goals (SDGs); Economy of Transformations; Green Economy; Energy Efficiency; Renewable Energy Sources; Waste Disposal; Carbon Footprint; Green Technologies; Eco-City; Green Finance; Green Banking; ESG Strategies; Digitalization (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q4 (search for similar items in EconPapers)
Date: 2025
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