Support Mechanisms of the Financial Sector in the Context of Energy Transformation
DOI:
https://doi.org/10.69760/portuni.26050013Keywords:
Energy transformation, green finance, renewable energy, financing mechanisms, sustainable development, financial sector, green bonds, public–private partnershipsAbstract
The article comprehensively analyzes the role of the financial sector and the support mechanisms it provides against the backdrop of accelerating energy transformation. Global climate change, commitments to reduce carbon emissions, and sustainable development priorities have led to fundamental changes in the structure of energy systems, necessitating new approaches to the allocation of financial resources. The main objective of the study is to identify financing instruments for green energy projects, risk-sharing mechanisms, and the institutional role of financial institutions in this process. The findings reveal that strengthening financial cooperation between the public and private sectors, as well as the application of innovative financial instruments such as green bonds, sustainable loans, and investment funds, are of particular importance for the effective implementation of energy transformation. At the same time, increasing transparency in financial markets, improving methodologies for assessing environmental risks, and adopting incentive-based regulatory policies emerge as key factors enhancing the attractiveness of green investments. The article also examines existing challenges in financing the energy transition, including long-term capital shortages, technological uncertainties, and institutional constraints, and proposes conceptual approaches to address them. Ultimately, the strategic orientation of the financial sector is assessed as a decisive factor in accelerating energy transformation and is substantiated as playing a significant role in ensuring sustainable economic development.
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