REACHING INDUSTRY 4.0 GOALS UNDER THE INFLUENCE OF SUSTAINABLE FINANCE

Laura Nicoleta Covaciu, Florin COVACIU, Laura BACALI

Abstract


Using official EU data for 7 countries in the Central and Eastern Europe (CEE) area, this study analyzed the influence of sustainable finance on reaching the objectives of Industry 4.0. The results obtained allow us to state that sustainable finance (represented by green finance) has the potential to contribute to the improvement of indicators that reflect the transition to Industry 4.0 in CEE countries. Thus, sustainable finance has the potential to support digital performance, can promote innovations, has the potential to contribute to human capacity development, and can support sustainable development. In CEE countries, sustainable finance represents a still small share in the mix of available financing sources, but the results obtained reveal that sustainable finance is likely to play a much greater role in supporting innovative Industry 4.0 projects in the coming period.

 


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