Adoption of green finance to address climate change

Sattar, Sally Hasan; Muslim, Nibras Ibrahim

doi:10.37651/aujlps.2024.154605.1377

	Adoption of green finance to address climate change
Journal of Anbar University for Law and Political Sciences
Article 45, Volume 15, Issue: 1 part 1, March 2025, Pages 1257-1290 PDF (997.74 K)
Document Type: Research Paper
DOI: 10.37651/aujlps.2024.154605.1377
Authors
Sally Hasan Sattar^* ¹; Nibras Ibrahim Muslim²
¹College of Law &ndash; University of Baghdad
²University of Baghdad College of Law
Abstract
Climate change is one of the most significant challenges facing humanity and nations as it affects the environment، economy and societies. Climate change has increased the Earth's temperature، floods and hurricanes، drought and desertification، as well as climate change causing severe damage to human health، numerous diseases، forced migration and abandonment. Undoubtedly، industrial progress and its global spread have increased environmental pollution and the decline of the agricultural area at the expense of urbanization، causing desertification as well as logging. In this context، it highlights the concept of green finance، which is one of the effective solutions to address climate change and achieve the UN's sustainable development goals. It aims to support projects and initiatives that promote the reduction of carbon emissions. Green finance is defined as providing funds to support projects and initiatives aimed at protecting the environment and promoting sustainability including renewable energy projects، resource efficiency and biodiversity protection. Green finance tools include a variety of financial instruments such as green bonds and green funds.
Keywords
climate change; Green finance; Green Bounds; Green funds

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