Daniela Bobeva – Economic Research Institute at the Bulgarian Academy of Science and Plovdiv University, Bulgaria

Keywords:                       Green transition;
Green finance;

DOI: https://doi.org/10.31410/ERAZ.2023.139

Abstract: The European Union has started an ambitious and unique tran­sition to a green economy. The financial sector is assigned a key role in the transformation process. While the legal framework of the transition is already developed, many challenges remain to be resolved to achieve a smooth func­tioning of the financial system within the changing environment. The article explores theoretical views on the green transition and the role of the financial sector. The impact and the risks of the ongoing reforms in the financial sector are identified. The applied methodology is based on a combination of qual­itative and quantitative analysis using ESG data, as well as data from a spe­cial survey aiming at capturing the views of companies with significant car­bon emissions on their relationship with the banks in the changing regulato­ry and financial framework.

9th International Scientific ERAZ Conference – ERAZ 2023 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023

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 2023 Conference Proceedings: ISBN 978-86-80194-72-1, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2023

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. 

Suggested citation

Bobeva, D. (2023). The “Black Swan” Is “Green”: The Role of the Financial Sector in the Green Transition. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Conference Proceedings (pp. 139-145). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.2023.139


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