Green finance initiatives and their potential to drive sustainable development
-
Nouman Nasir [1] ; Waqas Ahmed [1]
-
[1] Muslim Youth University
-
- Localización: Climate change and finance: navigating the challenges and opportunities in capital markets / Nader Naifar (ed. lit.), 2024, ISBN 978-3-031-56418-5, págs. 3-30
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
-
Resumen
This study examines the role of green finance initiatives in driving sustainable development. It provides an overview of green finance principles, exploring its evolving nature and global recognition. The chapter explores the relationship between green finance initiatives and sustainable development, showcasing their contribution to economic growth while minimizing environmental impacts. It discusses various financial instruments such as green bonds, green loans, and impact investing, and their role in supporting sustainable projects across sectors like renewable energy, sustainable infrastructure, and circular economy practices.
Furthermore, this chapter addresses challenges and opportunities associated with implementing green finance initiatives, including limited awareness, regulatory constraints, and capacity building. It provides potential solutions and strategies to overcome these challenges through stakeholder collaboration, policy reforms, and innovative financial mechanisms. Case studies and best practices from different regions and countries illustrate successful green finance initiatives, highlighting their transformative power in integrating environmental considerations into financial decision-making processes.
The chapter argues for the importance of aligning financial systems with environmental goals and emphasizes the potential of green finance initiatives to drive sustainable development. It advocates for mainstreaming green finance practices globally to create a more sustainable and resilient future. This chapter is a valuable resource for researchers, policymakers, financial professionals, and other stakeholders interested in advancing sustainable finance practices and achieving a greener and more sustainable world.
