 Challenges in Mobilising Green Finance for Local DevelopmentJelena Jovovic ()
Post-Print from HAL Abstract: The need for sustainable development and the transition toward a low-carbon economy has created a significant demand for green finance. To address this issue, this chapter aims to analyse green financing mechanisms in the context of local development through an extensive review of existing green policies and their impact on enhancing the local development process. The chapter reviews the existing literature on the topic and identifies the connection between green financing mechanisms and the role of the EU in their further development. Furthermore, the chapter also analyses successful green finance initiatives in the European Union. Lastly, it presents the main challenges in mobilising green funds and proposes means to solve them. The propositions aim to provide valuable insights and guidance for policymakers, financial institutions, and local leaders seeking to accelerate the transition to a low-carbon economy and attain sustainable development goals by 2040. Keywords: green finance; green initiatives; sustainable finance; sustainable development (search for similar items in EconPapers) Published in Simona Kukovič (ed) School of Advanced Social Studies; University of Ljubljana, Faculty of Social Sciences; Ivan Radević (ed) University of Montenegro, Faculty of Economics. Contemporary Pathways of European Local and Regional Development, 2024, 978-961-7124-21-7. ⟨10.4335/2024.1⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04533947 DOI: 10.4335/2024.1 Access Statistics for this paper More papers in Post-Print from HAL |
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