Green finance for sustainable green economic growth in India

Parvadavardini Soundarrajan and Nagarajan Vivek
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Parvadavardini Soundarrajan: Department of Humanities, PSG College of Technology, Coimbatore, India
Nagarajan Vivek: PSG Institute of Management, PSG College of Technology, Coimbatore, India

Agricultural Economics, 2016, vol. 62, issue 1, 35-44

Abstract: Green finance is a core part of the low carbon green growth, because it connects the financial industry, environmental improvement and economic growth. The objective of this paper is to study the green finance and to validate the concept as feasible in the Indian industries for balancing the ecological depreciation due to the assimilation of carbon gases in atmosphere. Green Finance is a market-based investing or lending program that factors environmental impact into risk assessment, or utilizing environmental incentives to drive business decisions. Therefore, the paper also discusses the recent trends and the future opportunities and challenges in green finance in the emerging India. Green investing recognizes the value of the environment and its natural capital and also seeks to improve the human well-being and social equity while reducing environmental risks and improving the ecological integrity.

Keywords: green finance; financial industry; economic growth; ecological depreciation; risk assessment (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (32)

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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:62:y:2016:i:1:id:174-2014-agricecon

DOI: 10.17221/174/2014-AGRICECON

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