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Green banking

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Author Info

  • Maja Drobnjakovic

    (University of Novi Sad, Serbia)

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    Abstract

    There 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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    File URL: http://jedep.spiruharet.ro/RePEc/sph/rjedep/Rev5_4_Maja_p31-40.pdf
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    Bibliographic Info

    Article 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)
    Pages: 31-40

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    Handle: RePEc:sph:rjedep:v:2:y:2013:i:2:p:31-40

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    Web page: http://jedep.spiruharet.ro/

    Related research

    Keywords: protecting nature; business environment management; low–carbon economy; responsible financial projects; current trends in green banking;

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