INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Sustainable finance refers to the allocation of money to support initiatives that have significant social, economic, and environmental benefits. This encompasses many types of financing such as "green finance," "climate finance," and "low-carbon finance." Green financing is essential for achieving "low carbon - green growth". Green finance plays a crucial role in promoting low carbon green development by bridging the gap between the financial sector, environmental enhancement, and economic expansion. This article aims to examine the concept of green finance and provide a comprehensive review of its key aspects and this report also examines the current trends and sustainable products in India. This research also reveals the obstacles in green financing in developing India. As per the report the government requires an estimated amount of INR 162.5 lakh crores (USD 2.5 trillion) by 2030 and investments totaling $10 trillion in order to accomplish a net-zero objective by 2070. Green bonds and other green financing tools are at a disadvantage compared to conventional energy forms due to perceived investment risks, technology risks, high debt costs, low operational costs, lack of awareness, absence of a proper regulatory framework, and short loan durations. The regulatory policy should be open and favorable to foster trust and confidence among investors. India should prioritize attracting both local and global businesses. The design of green financing instruments should be created to appeal to both domestic and global investors. The study offers a theoretical comprehension for future researchers and also offers recommendations to the government, legislators, and financial organizations for additional enhancements in the subject.
Keywords:
Green Finance, Sustainable, Green Bond, Government initiatives, Environmental change
Cite Article:
"Emerging Trends in Green Finance: A Comprehensive Review ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 4, page no.h697-h706, April-2024, Available :http://www.ijnrd.org/papers/IJNRD2404774.pdf
Downloads:
00018
ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Facebook Twitter Instagram LinkedIn