ECONOMIC GROWTH “GREEN” FINANCING: CONCEPTS AND PROBLEMS

Abstract

  Environmental pollution, exhausting natural resources and effects of climate change are causing economic stresses and therefore require significant financial expenses. Environmentally sustainable growth funding requires a significant amount of investment. First of all, we are talking about «green» financing of global projects.
  The main factor in the development of green economy is the green financing that can prevent social, economic and ecological changes caused by the sharp expansion of the global population and the catastrophic exhaustion of natural resources and their negative consequences. The financial sector, with active support of the state, can provide global sustainable development and qualitative changes in such conditions.
  In the format of the United Nations Conference in 2012, most of the global agreements on the «green» economy were taken at the global level. It is noteworthy that the uniform definition of «green» economics has not yet been established. Mainly under the green economy, economic activity is meant, which improves human wells, ensures social justice and significantly reduces the risks to the environment and nature.