Enhancing Sustainable Development Through Green Finance Components

Egra Ibrahimi – Mediterranean University of Albania, Economic Sciences Faculty, Blv. Gjergj Fishta, No 52, Postal code: 1023 Tirana, Albania

Orkida Ilollari – Mediterranean University of Albania, Economic Sciences Faculty, Blv. Gjergj Fishta, No 52, Postal code: 1023 Tirana, Albania

Abstract: Climate change poses pressing global challenges affecting the envi- ronment, economy, and society. Increasingly acknowledged by stakeholders, its risks drive responsible actions towards sustainable development. Addressing these issues demands collective efforts from individuals to international orga- nizations, utilizing various tools to mitigate climate change, reduce pollution, and conserve biodiversity. Green Finance emerges as a pivotal tool, supporting environmental projects while fostering economic growth and innovation. It offers financial incentives for sus- tainability and aligns public policy with private sector investments, innovatively tackling environmental challenges. Public Private Partnerships (PPPs) further amplify green finance initiatives by mobilizing private investments, promoting innovation, and sharing risks and rewards, enhancing long-term sustainability. This paper explores the significance of green finance instruments, especially for developing countries. Through analyzing green financing components, regulatory frameworks, and case studies, we highlight the role of PPPs in mobilizing funds for green finance in infrastructure, innovation, and waste management projects.

10th International Scientific Conference ERAZ 2024 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  hybrid – online, virtually and in person, Lisbon, Portugal, June 6, 2024

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2024 Conference Proceedings: ISBN 978-86-80194-86-8, ISSN 2683-5568,

DOI: https://doi.org/10.31410/ERAZ.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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