Journal Press India®

MUDRA: Journal of Finance and Accounting
Vol 5, Issue 1, January - June 2018 | Pages: 59-74 | Research Paper

Green Finance: A Step towards Sustainable Development

 
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Author Details ( * ) denotes Corresponding author

1. * Sharif Mohammad, Research Scholar, Department of Commerce, Himachal Pradesh University, Shimla, Himachal Pradesh, India (smohd2991@gmail.com)
2. Vijay Kumar Kaushal, Professor, Department of Commerce, Himachal Pradesh University, Shimla, Himachal Pradesh, India (kaushalvijju@gmail.com)

In present times of technological progress the worldwide economy is undermined from three major challenges: environmental change, vitality limitations and money related emergency. This is on account of financial improvement conveys alongside itself expenses to the countries in the shape of environmental degradation. Green finance is the solution for accomplishing contract between the economy and nature. Green finance is considered as the monetary help for green development, which decreases ozone depleting substance discharges and air contamination emanations altogether. Green fund in horticulture, green structures, green security and other green activities should increase for the monetary improvement of the nation. In this paper an endeavour has been made to explore the existing literature on the green finance and future scope of green finance in India.

Keywords

Environment; Green finance; Green building; Green projects; Renewable energy

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