Abstract
The global financial crisis (2007) destroyed the foundation of the international financial system and highlighted the recent changes in traditional finance associated with a close attention to green finance and green economy. Public interest in financing green investments, socially responsible investments and investments with social impact is among these strategies that are gradually expanding (Morano et al., 2020). The dual impact scheme demonstrated the interaction between the global financial crisis and other climate change risks (Leichenko et al., 2009). Thus, the world's attention is largely focused on issues of sustainability and climate change (Zhang et al., 2019). As a result, green finance is important because it is the first organized attempt by the financial industry to link financial results with a positive impact on the environment. This can also be seen as one of the clear signs that the economic system has begun to adapt to the challenge of the environment as a whole (Berrou et al., 2019). Accordingly, all of the above determines the relevance of the topic under study. The key hypotheses and conclusions are further comprehensive study of the theoretical and practical aspects of the development of the green economy, substantiating the need to create a system combining special financial institutions with green instruments and industries aimed at environmental protection. The results of this study, in our opinion, can undoubtedly have both theoretical and practical applications.