Green Financing for Achieving Sustainable Development Goals: Current State and Prospects
https://doi.org/10.26794/1999-849X-2023-16-3-16-23
Abstract
The subject of the study is the problems and prospects for the development of green finance, which provides funds for achieving Sustainable Development Goals. The objectives of the work are to assess the level of development and structure of green finance, as well as to identify factors determining its development taking into account the latest trends in the global economy. The article analyzes the state and trends in the development of the green finance market, identifies obstacles to the development of green financial instruments and suggests ways to solve these problems, identifies the features of the development of sustainable financing in Russia. The study used the concept of sustainable development and a problem-oriented approach to green financing. Analytical work was carried out using methods of analysis and synthesis, comparison and grouping, economic analysis and modeling. The results of the study showed that the interest in green financing instruments is due to the need of society for sustainable development and preservation of the environment, which requires strengthening the requirements for accountability of green financial instruments, stricter control by regulatory authorities and reliable disclosure of information supported by more accurate data. Conclusions are drawn about the need to stimulate the use of various instruments of green finance, the development of a legal framework in the field of sustainable development, which will ensure the harmonization of green finance policies and standards not only at the national but also at the global level.
About the Author
A. A. Prudnikova
Financial University
Russian Federation
Russian Federation
Anna A. Prudnikova — Cand. Sci. (Econ.), Assoc. Prof., Assoc. Prof. of the Department of World Economy and International Business, Financial University.
Moscow
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Review
For citations:
Prudnikova A.A. Green Financing for Achieving Sustainable Development Goals: Current State and Prospects. Economics, taxes & law. 2023;16(3):16-23. (In Russ.) https://doi.org/10.26794/1999-849X-2023-16-3-16-23
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