Green Finance: Perspectives in Sustainable Finance Instruments and ESG Activities

Navaneeth M S and Ismail Siddiqui

MPRA Paper from University Library of Munich, Germany

Abstract: It is clear that the rapid expansion of the post-World War two economy, financed through Bretton Wood Institutions is not a model path. The role of financial institutions is increasingly being recognised in this domain as a way to redeem the perceived environmental disregard. The development agenda received a critical rethinking as it became clear by the late 1980s that the pre-existing models of industrialisation prescribed to the ‘developing-world’ meant deep neglect of the environment. In order to go ahead with attaining the 2030 Sustainable Development Goals (SDGs), there is a major push required for green projects. Green bonds can unleash the power that the financial sector holds, as it will bestow a strong motivation upon banks and investors to move the capital from dirty industries to cleaner ones.

Keywords: Green Finance; Climate Change; Green bonds; SDG (search for similar items in EconPapers)
JEL-codes: G38 Q56 (search for similar items in EconPapers)
Date: 2022-10
New Economics Papers: this item is included in nep-ban, nep-ene and nep-env
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https://mpra.ub.uni-muenchen.de/116534/16/MPRA_paper_116534.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115344

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