Green Banking for Sustainable Development

The ever-increasing threat of global climate change, environmental pollution, and the destructive impact of human activities highlight the need for more detailed research into tools to increase a country’s environmental sustainability. In addition, it promotes the search for additional sources of f...

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Main Author: Fakhri Fuad Murshudli
Format: Article
Language:English
Published: National Research University Higher School of Economics 2023-06-01
Series:Foresight and STI Governance
Subjects:
Online Access:https://foresight-journal.hse.ru/article/view/19271
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author Fakhri Fuad Murshudli
author_facet Fakhri Fuad Murshudli
author_sort Fakhri Fuad Murshudli
collection DOAJ
description The ever-increasing threat of global climate change, environmental pollution, and the destructive impact of human activities highlight the need for more detailed research into tools to increase a country’s environmental sustainability. In addition, it promotes the search for additional sources of funding for these activities. For developing countries, one of the main sources of environmentally sustainable development is international bank financing. Therefore, this study aims to analyze how international green banking affects the environmental sustainability of developing countries. For this purpose, the data series were compiled for the period of 2010 to 2020. The annual data for panel regression analysis are retrieved from the OECD and World Bank Open Data. The identified effects can be useful for government officials in terms of determining the benefits of using international green banking for gaining environmental sustainability.
format Article
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publisher National Research University Higher School of Economics
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series Foresight and STI Governance
spelling doaj-art-c9fbbfc77f054fc9aaca75029ee0560f2025-08-20T03:17:03ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972023-06-0117210.17323/2500-2597.2023.2.82.94Green Banking for Sustainable DevelopmentFakhri Fuad Murshudli0Azerbaijan State University of Economics, 6 Istiqlaliyyat str., Baku, AZ1001, Azerbaijan The ever-increasing threat of global climate change, environmental pollution, and the destructive impact of human activities highlight the need for more detailed research into tools to increase a country’s environmental sustainability. In addition, it promotes the search for additional sources of funding for these activities. For developing countries, one of the main sources of environmentally sustainable development is international bank financing. Therefore, this study aims to analyze how international green banking affects the environmental sustainability of developing countries. For this purpose, the data series were compiled for the period of 2010 to 2020. The annual data for panel regression analysis are retrieved from the OECD and World Bank Open Data. The identified effects can be useful for government officials in terms of determining the benefits of using international green banking for gaining environmental sustainability. https://foresight-journal.hse.ru/article/view/19271corporate social responsibility (CSR)environmental performanceinternational bankinggreen bankingenvironmental sustainability strategiesgreen innovation
spellingShingle Fakhri Fuad Murshudli
Green Banking for Sustainable Development
Foresight and STI Governance
corporate social responsibility (CSR)
environmental performance
international banking
green banking
environmental sustainability strategies
green innovation
title Green Banking for Sustainable Development
title_full Green Banking for Sustainable Development
title_fullStr Green Banking for Sustainable Development
title_full_unstemmed Green Banking for Sustainable Development
title_short Green Banking for Sustainable Development
title_sort green banking for sustainable development
topic corporate social responsibility (CSR)
environmental performance
international banking
green banking
environmental sustainability strategies
green innovation
url https://foresight-journal.hse.ru/article/view/19271
work_keys_str_mv AT fakhrifuadmurshudli greenbankingforsustainabledevelopment