“Green” finance in Kazakhstan

¹ Almaty Humanitarian and Economic University, 050000 Almaty, Republic of Kazakhstan
² Al-Farabi Kazakh National University, 050040 Almaty, Republic of Kazakhstan
³ Narkhoz University, 050035 Almaty, Republic of Kazakhstan

^* Corresponding author: Kul.bert@mail.ru

Abstract

One of the current priorities for the sustainable development of the world economy is to identify common directions of green finance development in all countries for sustainable development, as well as to study the most important areas of green finance and develop a green economy development concept. The concepts of green economy and green finance refer to a relatively new field of economic and financial knowledge that lies at the intersection of individual sectoral sciences and environmental disciplines. As a rule, the scope of interest of the green economy includes serving the liquid resources of society’s development in an ecological direction. “Green” finance also aims at efficient use of natural resources and the maintenance of an adequate state of the environment. In view of this situation, green finance is one of the prerequisites for the sustainable economic development of society in the present stage. For this reason, many scholars recommend that they should be seen as an essential element of the mechanism for maintaining and preserving economic and political stability. The subject of “green” finance is a specific part of finance, which has established itself as an independent field of knowledge, but it is determined by both general development of finance and the requirements and rational use of nature, therefore “green” finance specializes in the turnover of liquid resources in the “human-nature” system.