RELATIONSHIP BETWEEN SUSTAINABLE DEVELOPMENT AND GREEN ECONOMY - EMPHASIS ON GREEN FINANCE AND BANKING 1

RELATIONSHIP BETWEEN SUSTAINABLE DEVELOPMENT AND GREEN ECONOMY - EMPHASIS ON GREEN FINANCE AND BANKING 1

In this paper authors review the issue of relationship between economy, society and environmental protection. This could not be done without the three sustainability principles being incorporated in the concept of sustainable development and later in the concept of green economy. Many definitions of...

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Bibliographic Details
Published in:Ekonomika poljoprivrede (1979) Vol. 64; no. 4; pp. 1467 - 1482
Main Authors: Munitlak-Ivanovic, Olja, Zubović, Jovan, Mitić, Petar
Format: Journal Article
Language:English
Published: Belgrade Balkan Scientific Association of Agricultural Economists 01-10-2017
Subjects:
20th century
Attitudes
Consumption
Economic growth
Economics
Environmental accounting
Environmental economics
Environmental impact
Environmental protection
Equator
Finance
Financial institutions
Green development
Green economy
Natural resources
Population growth
Principles
Social responsibility
Society
Strategic management
Sustainability
Sustainable development
United Kingdom > UK
Serbia
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Summary:In this paper authors review the issue of relationship between economy, society and environmental protection. This could not be done without the three sustainability principles being incorporated in the concept of sustainable development and later in the concept of green economy. Many definitions of both concepts refer to the fact that these relationships are complex, as economic well-being and environmental protection cannot "reconcile" in the short run. The aim of green economy is to even economy, society and environment. Green finance was developed within this new economic concept. One instrument of green finance, i.e. socially responsible finance is the Equator principles. This thesis shows the mechanism of action of financial institutions which accepted these new principles, but also points out disadvantages that must be removed over time so that these principles could have a positive impact on society and environment.
ISSN:0352-3462