Asian Journal of Management

  • Year: 2022
  • Volume: 13
  • Issue: 1

Green Finance: An approach towards Sustainable Development Goals (SDGs)

Assistant Professor, FMS-WISDOM, Banasthali Vidyapith, Rajasthan

*Corresponding Author E-mail:

Online published on 2 June, 2022.

Abstract

“There is no business on a dead planet”- David Brower, Conservationist (USA)

Finance is one of the most imperative parts of any sector. So when the world of finance was combined with the environment, there was the introduction of ‘Green Finance.’ It means financial support to sustainable development. Due to drastic changes in climate, there is an urgentneed to look into environmental issues. Hence, Green Finance is a two-way interaction between environment and finance. Therefore, this study focuses on the different types of Green Financial Products, examines the challenges to green financing and initiatives taken by the government. The study is descriptive and analytical in nature and based on secondary data. The study found that there are many financial products available in the market but due to lack of awareness among the investors and companies, the knowledge of green finance is lacking. It is also necessary to have analytical capabilities among investors to nurture green finance in the developing country.

Keywords

Green Finance, Sustainable development, Environment, Green projects