Green banking tools for the implementation of a state's environmental policy: comparative study

The active implementation of climate change projects, the latest resource- and nature-saving technologies, and environmental measures for the green growth of national economies require financial support. Currently, financial resources for environment-related investments and innovations are raised du...

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Autores:
Markhayeva, Bayanslu
Ibrayev, Alisher Serikbolovich
Beisenova, Madina
Serikbayeva, Gaukhar
ARRIETA-LÓPEZ, Milton
Tipo de recurso:
Article of investigation
Fecha de publicación:
2023
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/9979
Acceso en línea:
https://hdl.handle.net/11323/9979
https://repositorio.cuc.edu.co/
Palabra clave:
Green finances
Green investments
Green bonds
Green insurance
Benefits
Rights
embargoedAccess
License
Atribución 4.0 Internacional (CC BY 4.0)
Description
Summary:The active implementation of climate change projects, the latest resource- and nature-saving technologies, and environmental measures for the green growth of national economies require financial support. Currently, financial resources for environment-related investments and innovations are raised due to the increase of operational activities in banking institutions aimed at introducing green projects on the principles of environmental and socially responsible financing. This modern trend, known in the financial sphere as green banking, becomes relevant in countries where it is quite uncommon (for example, the Russian Federation and the Republic of Kazakhstan). The study aims at identifying the preferred tools for implementing the mechanism of green banking in Russia and Kazakhstan. The comparative analysis of expert opinions from Russia and Kazakhstan allows identifying both similarities and differences regarding the preferred instruments for providing monetary credits by green banking. However, the best lending rates for legal entities are considered the most preferable for experts from both countries.