THE DIGITAL FUTURE OF FINANCIAL INSTRUMENTS IN ADVANCING THE GREEN ECONOMY OF THE REPUBLIC OF KAZAKHSTAN
Journal Title: Journal of Economic Research & Business Administration - Year 2024, Vol 147, Issue 1
Abstract
Digitalization provides innovative tools and solutions that contribute to the sustainable develop-ment of the green economy. The authors reviewed scientific articles on the digitalization of financial instruments focused on “environmental, social and corporate governance” criteria for assessing compa-nies’ sustainability and social responsibility (ESG). The article studies the capacity and needs of green finance in Central Asia and Kazakhstan. The study concludes that the development of sustainable green finances in Kazakhstan corresponds to the goals of the Central Asian region. This study indicates the relevance and necessity of creating a Unified Green Finance Center, which would contribute to the coordination of efforts and resources of the area in environmentally sustainable development. Financial ecosystems using national banks’ digital cur-rencies, digital assets, and smart contracts can change the region’s economic system and the architecture of green finance. This study also examines the digitalization of financial instruments, focusing on ESG criteria for assessing sustainability and social responsibility. Additionally, integrating digital currencies, digital assets, and smart contracts can reshape the region’s financial system and architecture of green finance, further advancing sustainable development objectives. The study establishes the relevance of sustainable green finances in Kazakhstan, proposing a Uni-fied Green Finance Center to coordinate regional efforts, utilizing digital currencies, assets, and smart contracts to reshape financial systems and advance sustainable development goals.
Authors and Affiliations
K. A. Kurbanova, S. V. Romanenko, G. K. Mukhanova
Keywords
Related Articles
- EP ID EP733929
- DOI 10.26577/jerba202414719
- Views 44
- Downloads 0
ASSESSMENT OF THE РОТЕNTIАL FОR ТНЕ FORМАТІОN АND DЕVЕLОРМЕNТ ОF А СLUSТЕR OF CONSTRUCTION MATERIALS IN ASTANA
The article conducted a study to assess the potential for introducing and developing clusters in the production of construction materials based on the economy of the city of Astana, and the significance of the study was...
INTEGRATION OF SALES CHANNELS ON THE WAY TO OMNICHANNEL DISTRIBUTION OF GOODS
With the development of digital technologies, as well as the constant transformation of consumer behavior, there is a need to integrate sales channels that will retain existing customers and influence the emergence of th...
EMPOWERING ALMATY'S DISABLED WORKFORCE: ACTION FOR INCLUSIVE LABOR MARKET
The inclusion of people with disabilities in all spheres of public life is an important political issue in the country. However, according to the Ministry of Labour and Social Protection of the Population of the Republic...
EFFICIENCY OF AVIATION COMPANIES' FINANCING AND FORMATION OF ITS INVESTMENT ATTRACTIVENESS
The article discusses the concept and the choice of sources of financing for the investment activities of aviation companies. The choice of financing instruments for aviation companies, as well as the optimal capital str...
ECOSYSTEM APPROACH TO ASSESSING THE EFFECTIVENESS OF SOCIALLY ORIENTED ENTREPRENEURSHIP
The most pressing task of modern society is to ensure sustainable development based on inclusive economic growth. In this regard, the importance of social and socially oriented entrepreneurship in achieving the Sustainab...