The Role of Green Finance Practices on Sustainable Development: The Turkey Projection

Abstract

The imperatives of climate change, the urgency to act, the power of financial markets, and the commitment of investors to do good for the ecosystem will make development finance successful. In this context, the aim of the study is to examine the historical development of national and international institutions that were the pioneers of green finance practices and to analyze the effects of green finance practices on economic structures in line with the sustainability principles, standards, and reports published by these institutions. The necessity to harmonize the country's policies with sustainability and to evaluate, report, and manage the financial and financial risks caused by the negative effects on the environment has been the source of motivation for the study. Within the scope of the study, detailed information was given about sustainability, sustainable development, green finance and financing instruments; green bonds, green credit, green insurance, and green sukuk are analyzed in the context of historical processes, economic indicators, and graphics. In the last part of the study, policy recommendations were made in order to reduce the effects of climate and environmental-based negative effects in the world and in Turkey and to ensure sustainable growth.

Keywords

• Green Bond
• Green Finance
• Sustainable Development

Yeşil Finansman Uygulamalarının Sürdürülebilir Kalkınma Üzerindeki Rolü: Türkiye Projeksiyonu

Abstract

İklim değişikliğinin getirdiği zorunluluklar, harekete geçme aciliyeti, finansal piyasaların gücü ve yatırımcıların ekosisteme karşı iyi şeyler yapma taahhüdü kalkınma finansmanını başarılı kılacaktır. Bu kapsamda çalışmanın amacı yeşil finans uygulamalarının öncüsü olan ulusal ve uluslararası kurumların tarihsel süreçte gelişimlerini incelemek ve bu kurumların yayınlamış oldukları sürdürülebilirlik ilkeleri, standartları ve raporları doğrultusunda yeşil finansman uygulamalarının ekonomik yapılar üzerindeki etkilerini değerlendirmektir. Ülke politikalarını sürdürülebilirlikle uyumlu hale getirmek ve çevre üzerindeki olumsuzlukların neden olduğu finansal ve mali risklerin değerlendirmek, raporlamak ve yönetmek gerekliliği çalışmanın motivasyon kaynağını oluşturmuştur. Çalışma kapsamında sürdürülebilirlik, sürdürülebilir kalkınma, yeşil finansman ve finansman araçları hakkında detaylı bilgiler verilmiş; yeşil tahvil, yeşil kredi, yeşil sigorta ve yeşil sukuk konuları tarihsel süreçleri, ekonomik göstergeler ve grafikler eşliğinde incelenmiştir. Çalışmanın son kısmında dünya ve Türkiye’de iklim ve çevre temelli olumsuzlukların etkilerini azaltmak ve sürdürülebilir büyümeyi sağlamak adına politika önerilerinde bulunulmuştur. 

Keywords

• Yeşil Tahvil
• Yeşil Finansman
• Sürdürülebilir Kalkınma

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