AbstractThere is an urgent need to march towards 'low-carbon economy'. Global challenges of diminishing fossil fuel reserves, climate change, environmental management and finite natural resources serving an expanding world population - these reasons mean that urgent action is required to transition to solutions which minimise environmental impact and are sustainable. We are at the start of the low-carbon revolution and those that have started on their low-carbon journey already are seeing benefits such as new markets and customers, improved economic, social and environmental performance, and reduced bills and risks. Green investment banks offer alternative financial services: green car loans, energy efficiency mortgages, alternative energy venture capital, eco-savings deposits and green credit cards. These items represent innovative financial products.
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Bibliographic InfoArticle provided by Alliance of Central-Eastern European Universities in its journal Published in Journal of Economic Development, Environment and People.
Volume (Year): 2 (2013)
Issue (Month): 2 (June)
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Web page: http://jedep.spiruharet.ro/
protecting nature; business environment management; low–carbon economy; responsible financial projects; current trends in green banking;
Find related papers by JEL classification:
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
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