Development Finance Institutions, Environmental Inequalities and Just Green Transition

Ostojić, Ivana and Jovanović, Predrag and Matijević, Branka (2022) Development Finance Institutions, Environmental Inequalities and Just Green Transition. In: Towards a Better Future: Visions of Justice, Equality, and Politic. Faculty of Law - Kicevo, University “St. Kliment Ohridski” - Bitola, Bitola, pp. 119-132. ISBN 978-608-4670-23-0

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Abstract

The pandemic has caused an extremely negative socio-economic impact on employment, poverty, and inequality, but also on private sector investment necessary for sustainable development. Numerous studies have confirmed that the growth of inequalities is negatively correlated with the gross domestic product growth, prolongs the duration of the recession, and undermines the effectiveness of the fight against poverty. High and growing inequality inhibits society's progress towards the goals of sustainable development. The subject of analysis are environmental inequalities and their impact on poverty, economic growth, just green transition process, and sustainable development. The role of development finance institutions in supporting sustainable development and raising awareness of a green economy concept is also discussed.

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