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Sustainable Finance and Investments in Western Balkans- Where Are We?

Nothing has united world in recent years as global climate change issues and its environmental impact. Situation is alarming and world has recognized negative consequences industrial development has on the environment. With the aim to struggle with growing needs for sustainable solutions of environment preserving, finance and investments have crucial role. Sustainable and green finance and investments have rising importance in achieving sustainable environmental projects. Also, environmental, social and governance (ESG) criteria have new vital role today in financial and investment decision making. The aim of this paper is to examine the role of sustainable finance and investments in Western Balkans countries. This study has an essentially exploratory character. The intention is to analyze current situation and to seek for potentials regarding development of green finance products like green bonds. The idea is to find incentives in sustainable finance area to further promote and develop capital market in this region.