Measuring the Impact of Green Finance on Poverty Reduction: Project of an Empirical Method

Abstract

The paper aims to determine the impact of green finance on poverty reduction in selected countries of the CEE region (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Poland, and Serbia), from 2016 to 2020. Linear regression analysis was used to determine the impact. The results showed a significant positive impact of the economic and financial green finance development dimensions on poverty reduction, while the impact of the environmental dimension was significantly negative. In addition, based on the findings, green finance has a significant and positive impact on poverty reduction. The paper points out that raising the degree of green finance development can help reduce poverty.