Green Finance: Trends and Financial Regulation Prospects

Abstract

This chapter stands for justification of growing demand for supporting new theoretical and methodological approaches in development of an actual green economy’s financial framework taking into consideration modern growing risks in the ecological, economic, social, and geopolitical environments. A notable increase in environmental expenditures of both national economies and international financial institutions is determined by the global state of the economy. The climate change has been caused by escalating the energy supply struggle, the nature exhaustion, and the need for providing balance to the market stating green economy regulators. The main aim of this chapter is to study the trends and the key state green finance regulation points. The research goal could be achieved through highlighting the nature of green finance and its framework; studying the concept of green finance and innovative financial tools’ development, providing green economy’s development; and spotting trends and imperatives of regional regulation of green finance. This chapter highlights the necessity for implementing complex systemic and methodologic approaches in making the green finance framework, summarizing leading practices in green funding and green economy’s funds raising, considering limits in green finance tools’ utilization in current conditions, strengthening the power of both federal and regional authorities in solving financial problems of energy saving, and extending the practices of companies and institutions’ green financial tools’ utilization. The necessity for a green sustainable development across the globe has driven this research to use different types of instruments to point out the benefits of such a development. In addition, green finance state regulation tools have been proposed.

Citation

Andreeva, O.V., Vovchenko, N.G., Ivanova, O.B. and Kostoglodova, E.D. (2018), "Green Finance: Trends and Financial Regulation Prospects", Grima, S. and Thalassinos, E. (Ed.) Contemporary Issues in Business and Financial Management in Eastern Europe (Contemporary Studies in Economic and Financial Analysis, Vol. 100), Emerald Publishing Limited, Leeds, pp. 9-17. https://doi.org/10.1108/S1569-375920180000100003