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Green Finance: A Path to Sustainability
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Author(s): Kanika Thapliyal (Graphic Era University (Deemed), India), Chandan Gupta (Graphic Era University (Deemed), India), Priya Jindal (Chitkara Business School, Chitkara University, India)and Amar Mishra (Graphic Era University (Deemed), India)
Copyright: 2024
Pages: 10
Source title:
Sustainable Investments in Green Finance
Source Author(s)/Editor(s): Sanjay Taneja (Graphic Era University (Deemed), India), Pawan Kumar (Chandigarh University, India), Simon Grima (Department of Insurance, Faculty of Economics Management and Accountancy, University of Malta, Msida, Malta & Faculty of Business, Management and Economics, University of Latvia, Riga, Latvia), Ercan Ozen (Usak University, Turkey)and Kiran Sood (Chitkara Business School, Chitkara University, India & Research Fellow at the Women Researchers Council (WRC) at Azerbaijan State University of Economics (UNEC), Azerbaijan)
DOI: 10.4018/979-8-3693-1388-6.ch011
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Abstract
Nature nurtures us constantly and provides for us from the moment we are born. However, in response to these natural blessings, humans are damaging the environment in various ways, including by polluting the resources and testing nuclear energy as a representation of scientific growth and the industrial revolution. Green finance is the solution to establishing a deal between economic growth and ecology. Green financing is viewed as monetary backing for environmentally friendly growth that eliminates the emission of substances that deplete the ozone layer and other air pollutants. It is a new idea that offers individuals, organizations, and nations an alternative funding source for activities that are environmentally friendly and carbon-free. Businesses as members of society, have obligations to minimize carbon emissions and assist the government in doing so by implementing “green financing” for sustainable growth. Hence the chapter, examine the body of knowledge already in existence about green finance and Indian bank initiatives to support green financing.
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