COMPARATIVE ANALYSIS OF GREEN FINANCIAL INSTRUMENTS IN THE REPUBLIC OF NORTH MACEDONIA AND THE REPUBLIC OF SERBIA

Radukić, Snežana and Boshkoska, Meri (2024) COMPARATIVE ANALYSIS OF GREEN FINANCIAL INSTRUMENTS IN THE REPUBLIC OF NORTH MACEDONIA AND THE REPUBLIC OF SERBIA. Southeast European Review of Business and Economics (SERBE), 5 (2). pp. 27-44. ISSN 2671-339X

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Abstract

Achieving the sustainable development goals defined in the UN 2030 Agenda is impossible without green financing. Green financing refers to the financing of environmental goals, which are primarily related to the mitigation of climate change. By issuing green and socially sustainable
financial instruments, countries can raise the necessary financial resources, increase awareness of the importance of sustainable financing and promote it at the international and local level. The main goal of the paper is a
comparative analysis of green financing in the Republic of North Macedonia and the Republic of Serbia in order to compare it with the EU and other countries in the world. The research results showed that both countries successfully issued green bonds, while Serbia was the first non-EU country to do so. Also, although there is a growing trend in green credits and bank loans in the mentioned countries, further development of these financial instruments is expected, as well as better recording and ensuring
comparability of data between countries. The latest development challenges of any economy include a green transformation, which cannot be achieved without green finance.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Economics
Depositing User:	Efp Eprints
Date Deposited:	17 Feb 2025 12:40
Last Modified:	17 Feb 2025 12:40
URI:	https://eprints.uklo.edu.mk/id/eprint/10639

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