EVALUATION AND SIGNIFICANCE OF GREEN FINANCE

Ms Sakshi Prakash; Palak Gupta; Dr. Sonia Gupta

Abstract

The field of green finance is expanding quickly and has major implications for both environmental sustainability and economic development. It includes a wide variety of financial tools and services designed to facilitate the shift towards a low-carbon, resilient, and inclusive economy. This study investigates the diverse aspects of green finance, examining its main features, goals, and obstacles. As environmental worries continue to grow and the pressing necessity to tackle climate change becomes more apparent, green finance has arisen as a crucial resource for promoting sustainable development. Green finance aims to reduce climate risks, preserve resources, and support sustainability by directing financial resources towards eco-friendly projects and initiatives. In this paper, we will explore the various strategies for enhancing green financing, including making green investments more financially lucrative, leveraging technology and policy to promote green financing, and the roles of regulators and financial institutions in advancing the green finance agenda. Additionally, we will address the obstacles and challenges associated with green financing. Numerous findings from cross-country research have been recorded regarding the hurdles of green finance and potential solutions to address these issues. According to the research, green money has the potential to have a significant influence on the environment, society, and climate change mitigation. According to the research, green money has the potential to have a significant influence on the environment, society, and climate change mitigation as well as a scarcity of lucrative incentives for investors and financial institutions interested in participating in climate change prevention.