ЗЕЛЕНИТЕ ФИНАНСИ И НОВИТЕ ПЕРСПЕКТИВИ ЗА БАНКОВИЯ СЕКТОР ПРИ ПРЕХОДА КЪМ КРЪГОВA ИКОНОМИКА
GREEN FINANCE AND THE NEW PERSPECTIVES FOR THE BANKING SECTOR IN THE TRANSITION TO A CIRCULAR ECONOMY

Author(s): Rumen Angelov
Subject(s): Economy, Business Economy / Management, Energy and Environmental Studies, Socio-Economic Research
Published by: Бургаски свободен университет
Keywords: Green Finance; Paris Climate Agreement; Sustainable Finance
Summary/Abstract: Green finance and green banking unite commercial objectives with social responsibility towards the environment for the common good. These are, in practice, a set of activities, behaviours and rules, the ultimate goal of which is to fulfil specific financial and environmental goals. Fulfilment of these goals will contribute to cost optimization, reducing the carbon footprint and improving the bank's reputation. The Paris Climate Agreement laid the foundations for the concept that made financial flows compatible in the fight against global warming. Green finance is directly related to sustainable finance, which aims to transform the economy to create a climate-neutral environment.

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