Green Finance: A Sustainable Solution To The Umpteen Problems of The Nation

Author(s) : Ms. Sheetal Vijayvargiya
ISSN : 0974 - 9497
Year : November 2021 | Volume : 15 | Issue : 3/4

Abstract:
Climate Change has kindled the biggest discourse of all times today the result of which is paving way for what we popularly call ‘The Green Financing’. The said concept comes as music to the ears of all those who are stuck in the middle of various environmental problems and the issues of the economic sphere of the country. The Millennium Development Goals and subsequently the Sustainable Development Goals have been inducted in the country’s governing policy with a view to reaching the set goals through a well-planned process that involves sustainability as the core component that forms the basis of all policy decisions in environmental as well as the economic arena taking no note of the geographical limitations.
With the passage of time, Green Financing is becoming core to India’s definition of ‘Growth and Development’ owing to its unmatchable ability to restore the natural wealth that the country has lost to the hands of humans. The concept is innovatively extending its arms to the areas of commerce and management along with engineering and technological advancements.
However, the concept remains naive and less known in the common parlance. The tree is extending its branches but we are unaware of the extent it may reach. Hence, there is a need to trace the advancements in the areas so covered by the concept of ‘Green Financing’ and the areas that have high potential to fall under its reach. Therefore, the object behind this research work is to extract, compile and analyse the available literature on the concept and aims at providing a model to list down the lacunas involved and to provide a solution to the same.


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