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Capacity To Finance Environmental Investments Of A Polluter


  • PREDESCU, Iuliana

    (Romanian-American University)

  • PICIU, Gabriela -Cornelia

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)


Risk evaluation of financing environmental investment projects presumes the identification, interdependency, analysis and prospecting of their effects. This is necessary because the elusion, individual approach or improper sizing of these investment projects may have unfavourable and unpredicted consequences on the efficiency of the strategies and policies of environmental protection. This purpose of this research is to identify, through scientific, methodological and empirical analysis of the economic concepts, principles and arguments, the risks associated to the sustainable financing of environmental investment projects in terms of: (1) Avoiding and internalising the financing costs; (2) Avoiding and internalising the environmental externalities.

Suggested Citation

  • PREDESCU, Iuliana & PICIU, Gabriela -Cornelia, 2012. "Capacity To Finance Environmental Investments Of A Polluter," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 16(4), pages 72-84.
  • Handle: RePEc:vls:finstu:v:16:y:2012:i:4:p:72-84

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    financing risks; financing through projects; investments for environmental protection;
    All these keywords.

    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


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