The Role of the Central Bank in Green Financing through the Banking Sector in Romania

Valentin Mihai Leoveanu – Faculty of Administration and Business, University of Bucharest, 4-12 Blvd. Regina Elisabeta, 1st floor, 030018, sector 3, Bucharest, Romania

Abstract: Considering the challenges brought by global climate change, the article intends to underline the role of the National Bank of Romania in green financing through the banking sector in Romania, by stimulating the applica­tion of good practices in this field and by increasing the interest of banks in ap­plying specific methods to benefit by the opportunities of the climate change European agenda. The research methodology involved the qualitative analy­sis of the instruments used by the Central Bank in monitoring climate risks in Romania and examining Romanian companies’ capacity to face unfavorable developments regarding climate change with impact on bank lending. A com­parative analysis is also undertaken considering three top banks in Romania concerning their commitment to promoting sustainability and green financ­ing in banking. The research results highlight the effectiveness and breadth of the methods and work tools used by banks to support the efforts undertaken at the European level to limit the negative effects produced by climate change.

LIMEN Conference

9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023

LIMEN Conference Proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia

LIMEN Conference 2023 Conference Proceedings: ISBN 978-86-80194-78-3, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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