IJRPR

The present era of globalization has brought lot of luxury to human life but has also resulted inenvironmental degradation incorporated with all the involved activities. Today the entire economy is facing huge challenge to deal with the environmental problems and their related impacts in their day to day businesses. Today's era is threatened from the major challenges of climate change, energy constraints and financial crisis. Due to all these reasons, business organizations have started modifying their activities and strategies so as to ensure protection to our natural resources and environment. If we have to give cleaner & greener environment to our future generations, this is the time economies across the globe should take immediate preventive measures. In this context the financial sector can play an important role in promoting environmental sustainability. Sustainability is one of the most important factors driving the strategy making process of the business fraternity. In financial sector, various services that have adopted green business are banks, stock brokerage companies, credit card companies and also the companies involved in consumer finance. The concern for environmental sustainability has given mass recognition to the concept of corporate social responsibility.

Journal of Asian Finance, Economics and Business, 2021

On September 25, 2015, 193 countries of the United Nations (UN) General Assembly, signed the 2030 Agenda to work towards attaining 17 Sustainable Development Goals (SDGs) and its associated 169 targets and 232 indicators. With one of the largest renewable energy programs, India is well-poised to be a role model for low-carbon transformation to other Asian countries. However, bridging the financing gap is critical to ensure that the country meets its SDG targets. Though the SDGs identified by the UN are broad-based and interdependent, for ease of analysis we have grouped them into five themes-people, planet, prosperity, peace, and partnership-based on existing UN models. This paper investigates the financing gap for 'green' projects linked to planet-related SDG targets in India. It builds an argument for utilizing green bonds as an instrument to bridge the gap. After establishing the potential of green bonds in raising the finance to meet India's planet-related SDG targets, we look at the current policy landscape and suggest recommendations for successful execution. The paper concludes that deepening of the corporate fixed income securities market and firming up guidelines in line with India's climate action plans are inevitable before green bonds can be considered a viable financing option.

International Journal of Advanced Research in Science, Communication and Technology, 2024

In the modern world the ever increasing adverse climate changes has been a great concern for the governments of the various countries of the world which has caused them and various other organisations to specifically concentrate on reducing the greenhouse gas emissions . Green Finance goes on to play an important role in promoting or financing those type of industries which are energy efficient and also has low carbon emissions which in turn can go on to develop the green economy of a country . Therefore Green Finance can be described as those type of financial activities or services which are created and implemented to ensure a better environmental surroundings by financing in those types of projects which deals with industrial pollution control , biodiversity protection , energy efficiency , renewable energy , etc , etc . In this paper we have tried to study the importance of introducing various green financing methods , techniques and mechanisms among various countries of the modern world with a reference to modern day India and the data needed for such research work has been basically collected through both primary and various other secondary methods of collections .

This study examines green finance from a theoretical perspective in order to examine its importance in the fields of sustainable development and environmental conservation. Along with the prospect of it, there is an outline of the concepts, procedures, products, and services of green finance. The evolution of market mechanisms and the creation of policies were given careful study in this research through the explanation of important drivers for decision-makers. Environmentalists and educators emphasis the financial ideas that support environmental conservation and guarantee sustainable growth in this context. Excessive use of natural resources, poisonous and dangerous gas and material emissions, and deteriorating environmental conditions are only a few of the significant causes that have pushed human thought towards sustainable development. In addition, there is a financing for projects that can be detrimental to sustainability must be reduced. Worldwide attention has been given to environmental problems and sustainability, and as a result, world leaders have reached an agreement on these issues. In order to go further, financial development has been a key determining element, and this decision must take into account global environmental challenges. In the context of green finance, an effort is made to eliminate conflicts between corporate objectives and environmental concerns. A number of initiatives are put forth primarily for the successful fulfilment of ecological balancing and green finance goals.

The Academic: International Journal of Multidisciplinary Research, 2024

Green finance, which involves financial investments in projects and initiatives that promote environmental sustainability, has gained traction globally as countries strive to address climate change and environmental degradation. India, being a developing economy with ambitious renewable energy and sustainability goals, faces unique challenges in implementing green finance at scale. This study explores the key challenges and opportunities in advancing green finance in India, including regulatory barriers, market infrastructure limitations, and a lack of awareness among financial institutions and investors. Notwithstanding these limitations, the report highlights considerable prospects for expansion in India's green finance industry, especially via governmental initiatives, the advancement of green bonds, and the growing involvement of the private sector in financing sustainable projects. This paper examines the legislative framework and market dynamics, emphasizing the potential of green financing to serve as a vital catalyst for India's transition to a low-carbon economy. Suggestions for addressing the identified difficulties encompass improving policy frameworks, encouraging private investment, and promoting increased collaboration between public and private sectors.

The main objective of this paper is to study the concept of green finance and authenticate whether this concept is workable in India for balancing the ecological depreciation due to assimilation of carbon gases in atmosphere. Concept of green finance can be regarded as innovative in the field of finance. Green finance is considered as the financial provision for green growth which decreases greenhouse gas emissions and air pollutant. Green finance in agriculture, green buildings and other green projects should add to the economic development of the country. In this paper sincere attempt has been made to describe green financing in a broader sense.

Interscience Management Review, 2021

India is now in a situation where it has to accept the challenges from the international forum to improve its green infrastructure and attain its sustainable developments goals and climatic challenges like global warming, its huge population and huge green depletion. If the country has to survive it has to adopt Green finance. Green finance or climate finance is a component where it has to change it’s focus and behaviour from traditional form of financing to more environment friendly financing. It has to build a strategy through green finance to achieve its sustainable development goals. Indian and international financial agencies, corporates need to be encouraged to refocus on the aspect of green finance. There has been lot of promises and challenges in this front. This study is an effort to understand the situation where India stands and the go ahead as far as green finance and to manage its sustainable development goals. This study is of descriptive in nature and is based on seco...

The concept of sustainability or green principle in business activities is not only confined to creating green products, green supply chains, green business operations or simply developing green HR policies but the concept embraces the whole green culture of a firm, where it becomes necessary to create green capital as well and invest in green projects through green financial instruments the firms can achieve their green objectives. Green investment (i.e. investing in green projects) also fosters the steady and sustained growth of businesses. Climate change is one of the most pressing challenges facing the global community. As governments, businesses, and individuals grapple with the urgency of reducing carbon emissions and the struggle for the transition to a sustainable future, green financing initiatives are inevitable. Managing climate transition risks through green financial instruments is an innovative and sustainable approach to financing projects that help mitigate climate change and adapt to its impacts. In the fiscal year 2023 budget of the Indian central government, there was a proposal to issue national green bonds valued at Rs 24,000 crore. The purpose of this bond issuance is to financially support public sector projects, with the ultimate goal of transitioning India into a low-carbon economy. Furthermore, this move is also expected to boost the growth of sustainable finance in the country. In this paper, an analytical study highlighting the carbon emission contribution of various sectors has been done and contrasted against global standards. The paper also highlights the technological improvements towards decarbonization, documents sector-wise net zero goals and also gives an account of the capex committed to energy-conservative technologies and renewable energy to reduce climate transition risk. In the above context, the research study also provides insights into the hurdles faced in implementing ESG goals and ways to overcome these hurdles to manage the transition risks.

IRJET, 2021

An This article concern highlighting the importance of Environment, Society and Governance in formation of a sustainable feasible country's economy with focus on climate change crisis issues and utilization of wisely valued resources in country's economy building preserving the ecology and significance of Green Financing and India's way ahead in decisive Green Financing measures implication; which all can reduce the Impact of climate change crisis making fit for economy grow smoothly benefiting majority of globe population.

International Journal of Multidisciplinary Research Configuration, 2021

In recent era our country is more focusing on economic development without considering the environmental changes and sustainable development. Recently entire world suffering from environmental pollution and pandemic, climatic changes. It is the late time to focusing on coping with climate changes, reduce the environmental pollution and creating pleasant co-existence between people and nature to have a sustainable development of the global economy and society. The term green finance consist of the words “Green” and “Finance” both of which are controversial issues. Green finance is the innovative financial pattern adopted by the country to integrate environmental protection with economic development and profit. In this study the researcher’s focusing on the recent trends, opportunities, challenges, various investments avenues of Green Finance in India and to analyze in the path of green Finance and to know the target achieved till date from the initiative taken by the Indian Governmen...