THE GREEN FINANCIAL SYSTEM: FROM THEORY TO LAW ENFORCEMENT

Occupation: Professor for financial law Department of Financial Law
Affiliation: Kutafin Moscow State Law University (MSAL).
Address: Russian Federation,

Abstract

The analysis of the author's concept of a "green" financial system from the standpoint of an institutional approach is proposed, which includes: a "green" budget, represented by the revenue part in the form of "green" bonds and "green" fiscal payments; "green" bank lending and "green" insurance. It is noted that in Russia, as in most foreign countries, the development of this financial system is due to the introduction of ESG standards. The most developed financial institutions are "green" lending and "green" investing. France managed to implement the green "financing" system in the most comprehensive way within the framework of the first "green" budget.

Keywords

budget, "green" financial system, "green" finance, "green" bonds, "green" insurance, "green" lending, ESG standards.

Received

11.04.2022

Number of characters

33895

GOST	Tsaregradskaya Y. THE "GREEN" FINANCIAL SYSTEM: FROM THEORY TO LAW ENFORCEMENT // Gosudarstvo i pravo URL: http://ras.jes.su/gp/s102694520019673-1-1-en (circulation date: 24.04.2024).
MLA	Tsaregradskaya, Yulia "THE "GREEN" FINANCIAL SYSTEM: FROM THEORY TO LAW ENFORCEMENT." Gosudarstvo i pravo DOI: 10.31857/S102694520019673-1
APA	Tsaregradskaya Y. (). THE "GREEN" FINANCIAL SYSTEM: FROM THEORY TO LAW ENFORCEMENT. Gosudarstvo i pravo DOI: 10.31857/S102694520019673-1

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