THE EVOLUTION OF GREEN FINANCE IN THE CONTEXT OF COVID-19 PANDEMIC. FOCUS ON EU-27
THE EVOLUTION OF GREEN FINANCE IN THE CONTEXT OF COVID-19 PANDEMIC. FOCUS ON EU-27

Author(s): Adina Dornean, Ada-Iuliana Popescu
Subject(s): Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: reen finance; COVID-19; sustainable development; European Union;
Summary/Abstract: The present paper carries on with our previous research on green finance and sustainable development, highlighting the evolution of green finance during COVID-19 pandemic. A challenge such as sustainable development in times of pandemic is something that humankind did not face in modern era, if ever. Mixed signals from the global market and lack of data during these couple of years had generated fear, confusion and indecision in taking major economic steps in order to surpass the problems created by the social and, in some respect, economic lock-down. But, in spite of all of these shortcomings, maybe this is the time when we need to be bold and move towards a sustainable economy that relies much more than before on green finance.The article is focusing on the potential link between the pandemic and the economic decline of the EU-27 common market and on the evolution of green finance instruments, such as bonds, in the same context, in order to prove the necessity of a renewed sustainable financial strategy meant to bring a much needed environmental protection boost to our planet and our lives.

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