Enhancing Sustainable Development Through Green Finance Components
Enhancing Sustainable Development Through Green Finance Components

Author(s): Egra Ibrahimi, Orkida ILOLLARI
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Climate change; Sustainable development; Green Finance; Public Private Partnerships
Summary/Abstract: Climate change poses pressing global challenges affecting the environment, economy, and society. Increasingly acknowledged by stakeholders, its risks drive responsible actions towards sustainable development. Addressing these issues demands collective efforts from individuals to international organizations, utilizing various tools to mitigate climate change, reduce pollution, and conserve biodiversity. Green Finance emerges as a pivotal tool, supporting environmental projects while fostering economic growth and innovation. It offers financial incentives for sustainability and aligns public policy with private sector investments, innovatively tackling environmental challenges. Public Private Partnerships (PPPs) further amplify green finance initiatives by mobilizing private investments, promoting innovation, and sharing risks and rewards, enhancing long-term sustainability. This paper explores the significance of green finance instruments, especially for developing countries. Through analyzing green financing components, regulatory frameworks, and case studies, we highlight the role of PPPs in mobilizing funds for green finance in infrastructure, innovation, and waste management projects.

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