The importance of green bonds for the development of the green economy

Marijana Joksimovic; Suzana Stoimenov

doi:10.5937/bizinfo2401107J

Authors

Marijana Joksimovic Alfa BK University, Faculty of Finance, Banking and Auditing, Serbia
Suzana Stoimenov University "Union Nikola Tesla", Belgrade, Faculty of Entrepreneurial Business and Real Estate Management, Serbia

DOI:

https://doi.org/10.5937/bizinfo2401107J

Keywords:

green economy, green bonds, banking sector, green transition

Abstract

The authors of this paper discuss the importance of green bonds and their impact on the development of a green economy. A green economy is the goal one should strive for and undertake activities in order to fulfill it. Green bonds are inextricably linked to the concept of a green economy. The Republic of Serbia issued green bonds in 2021, although it is still not a member of the European Union, thus becoming an example for other European countries. In this paper authors discusses the importance of the green transition, bearing in mind that the excessive consumption of natural resources has worsened the climate and ecological crisis, and therefore a change in the way we consume natural resources is necessary, i.e., a green transition is necessary.

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