The promise of green finance: harnessing the power of sustainable investment in India

Madhu Bala Kaushik and Anadi Trikha

International Journal of Green Economics, 2024, vol. 18, issue 4, 374-389

Abstract: This research aims to illuminate the vast potential of green finance as a long-term investment that can significantly benefit the economies of all nations, instilling hope for a more sustainable and promising future. The study evaluates scholarly papers on green finance, focusing on its impact on economic development in India and other countries. The findings underscore the significant advantages any economy can derive from green finance as a primary means of sustainable investment. The research also highlights the hurdles that must be overcome to promote environmentally friendly finance, including increased investment, more vital legislation, and the urgent need for better measurement and reporting systems with greater public awareness. The study tries to give a picture of the Indian landscape for green finance and its relation with SDGs for economic growth. Still, every country has its resources and challenges, so the results cannot be generalised.

Keywords: green finance; sustainable investment; sustainable development; green investment; financial instruments; environmental impact; economic impact; social well-being; India. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgrec:v:18:y:2024:i:4:p:374-389

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