Sustainable Finance As A Mechanism For Economic Recovery During The Covid Pandemic 19: Case Study Of The Abu Dhabi Global Market

Résumé: Abstract: This study aims at highlighting the importance of sustainable finance which falls within the requirements of integrating sustainable development thought into economic public policies. Neglecting the idea of sustainability in the economics literature has caused several financial crises, such as the mortgage crisis which was the result of greed and the expansion of the use of financial derivatives, also known as the financial bubble, to make profits in a short time. Focusing on achieving record profits without considering the consequences has exacerbated the severity of the crisis. Therefore, in the future, it is necessary to focus on the environment, social responsibility and governance (ESG),and the concept of sustainable financing in the economic aspect to achieve financial stability. As for the Abu Dhabi Global Market, it has intensified its efforts as a global financial center to play its role in this latest crisis, Covid 19, by simulating the possible consequences in the future through its financial sustainability agenda. Heat waves, hurricanes, floods and other climatic consequences can lead to catastrophic social costs and expose the market to shocks similar to the effects of Covid-19.

Publié dans la revue: مجلة المنتدى للدراسات والابحاث الاقتصادية