Innovations in Green Finance: Overcoming Barriers, Unlocking Potential
Author : Dr. Rajkumar Nagarwal, Dr. Mahesh Chand Meena and Dr. Ram Gopal Choudhary
Abstract :
Green finance is rapidly evolving as a critical instrument to address the pressing issue of climate change and foster sustainable development. This paper explores the emerging trends in green finance, identifying the opportunities and challenges that shape its future trajectory. The study highlights the increasing integration of environmental, social, and governance (ESG) factors in financial decision-making processes and the growing importance of sustainable financial instruments, such as green bonds and carbon credits. Furthermore, the research investigates the role of digital technologies, including blockchain and artificial intelligence, in enhancing transparency and efficiency in green finance initiatives. However, despite these advancements, significant challenges remain, such as regulatory inconsistencies, greenwashing risks, and the need for standardized metrics to measure sustainability impact. By addressing these challenges, the green finance sector can unlock substantial opportunities to accelerate the transition to a low-carbon economy, promote financial inclusivity, and drive long-term economic growth. This paper aims to provide valuable insights for policymakers, financial institutions, and investors to navigate the evolving landscape of green finance effectively.
Keywords :
Green Finance, ESG factors, sustainable development, green bonds, carbon credits, blockchain, artificial intelligence, transparency, regulatory challenges, financial inclusivity.
