MODERN FINANCIAL MARKETS AND “GREEN” ASPECTS OF THEIR FUNCTIONING

At the global level, ensuring sustainable development and improving climatic conditions is an inevitable process that has a great impact on the financial sector and the world economy. That is why the question of developing new development strategies, which involves changes at the state and corporate level, the introduction of innovative "green" financial instruments, and a different approach to the functioning of financial markets for developed and developing countries, has arisen with all urgency. Various methods have been used to achieve the main goal of the research, including dialectical, comparative analysis, and descriptive analysis methods. It is emphasized that green bonds, as a tool for raising loans and financing "green projects", are quite popular and widespread in international practice, but "green" bonds are a fairly new term and have been established relatively late in Georgian practice. Finally, our research provides evidence as to why the share of green bonds, their popularity, and investment attractiveness in international financial markets is increasing. Keywords: Sustainable development, financial markets, green finance, green bonds.