Photo by Dannyel Spasov via Unsplash 2 F I N A N C I N G B U L G A R I A ’ S G R E E N T R A N S I T I O N REPORT NOVEMBER 2024 FINANCING BULGARIA’S GREEN TRANSITION POLITICAL AND FINANCIAL CATALYSTS FOR A SUSTAINABLE ECONOMY GENADY KONDAREV AND JUREI YADA 3 F I N A N C I N G B U L G A R I A ’ S G R E E N T R A N S I T I O N Acknowledgements Tsvetelina Kuzmanova made a signific. [...] Bulgaria’s ambitions to join the Organisation for Economic Co-operation and Development (OECD) and adopt the euro further highlight the importance of aligning with European and global standards.6 Membership of the OECD and adoption of the euro will signal economic progress as well as demonstrating Bulgaria’s commitment to international best practice. [...] As the largest consumer in the economy, the government has the purchasing power to drive demand for green products and services, setting a precedent for the private sector. [...] Full implementation of the Strategy for the Preparedness of the Defence Forces for Climate Change and the use of defence procurement as a vehicle for sustainable innovation will contribute significantly to environmental goals. [...] 2 8 F I N A N C I N G B U L G A R I A ’ S G R E E N T R A N S I T I O N 4.4 Expand the role of the financial sector The financial sector has a vital part to play and some private investors in Bulgaria have already recognised the significance of green investment.
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