The scientific webinar "Green financing and sustainable development" was held on September 11, 2022 with the presence of Dr. Farhad Taghizadeh Hesari, faculty member of the Faculty of Global Studies at Toka University of Japan. In this webinar, Dr. Hesari reviewed and explained the financial resources of green projects. Also, the objectives, needs and tools needed to implement these projects were discussed in this meeting. Recommendations were also made regarding sustainable financing of green projects:
- Dependence on foreign financial resources through international loans will cause financial debt, so it should be a priority to focus on domestic resources or foreign investment.
- It is necessary to adopt appropriate policies to meet the existing challenges (including financing renewable projects, shortage of return rates of these projects, as well as lack of capacity and sufficient awareness of the players of this market).
- Using the capacity of institutional investors such as insurance, social security and retirement funds with long-term financial resources can be helpful in the development of green projects.
- The use of tax overflow capacity can also be effective in encouraging the private sector to invest in green projects.
- Using collective financing for small and medium-sized projects would be helpful.
- It is possible to reduce the asymmetry of information as well as reduce the rate of private sector investment (to encourage the private sector) by setting up a green credit guarantee fund. Of course, these funds need to be created in such a way that they have the least dependence on the government budget and are optimal.
The meeting ended by discussing and presenting the responses of the participants of the meeting.