Financial strategy to accelerate green growth in Moldova

Abstract

The financial strategy to accelerate green growth in Moldova is essential for ensuring sustainable economic development and environmental improvement. This strategy emphasizes the importance of expanding the green finance sector to support the adoption of eco-friendly technologies and practices among Small and Medium Enterprises (SMEs). The paper underscores the significance of leveraging various financing options, such as green bonds, venture capital, and government grants, Moldova can overcome the financial barriers that hinder the green transformation of its economy. Furthermore, the paper discusses the implementation of tax incentives, including accelerated depreciation, tax credits, and reduced corporate tax rates for green investments, can further encourage SMEs to invest in sustainable projects. These measures, combined with improved regulatory frameworks and increased awareness among businesses, will create a conducive environment for green growth. By addressing the financial and regulatory challenges, Moldova can pave the way for a greener and more resilient future.