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GREEN BANKING

Journal: Journal of Economic Development, Environment and People (Vol.2, No. 2)

Publication Date:

Authors : ;

Page : 29-39

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

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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 minimize 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.

Last modified: 2016-01-11 20:09:01