GFL – Greening Financial Literacy
Integrating environmental standards into Financial Literacy education and strengthening young people’s understanding of the link between the financial system and the environment.
GA number: 2022-1-AT01-KA220-YOU-000086358
Funded by: Erasmus+ Duration: 01/10/2022-31/12/2024
Recognising that the financial sector plays a crucial role in decarbonising European economies, the issue of low Financial Literacy has been identified as a significant obstacle, particularly among young people.
Both the EU and the OECD have emphasised the importance of promoting good financial literacy to educate EU citizens about the relationship between the financial system and the climate crisis, in support of the EU’s efforts to address climate change.
However, Green Financial Literacy, which refers to the knowledge and skills required to make informed decisions about environmentally sustainable investments and financial products, is still underrepresented in financial education.
The Greening Financial Literacy project aims to integrate environmental standards into Financial Literacy education, raising awareness of the financial system’s connection to the environment, particularly the climate crisis. It focuses on building the capacity of civil society in non-formal youth education and work to strengthen young people’s “Green Financial Literacy”.