Driving Sustainability: The Role of Financial Institutions in Green Investments in India

Author(s): Dr. Jyotika James

Abstract:

India's future economic and environmental prosperity depends on its shift to a low-carbon, sustainable economy. By directing capital into environmentally conscious businesses through a variety of tactics, such as eco-friendly financial instruments, sustainable loans, and green bonds, financial institutions play a crucial role in enabling this transition. These organizations keep an eye on initiatives to combat climate change and environmental degradation and have a big say in market rules. This study examines the ways in which financial institutions promote the expansion of green industries, advance international environmental goals, and aid in the shift to a low-carbon economy. According to the research, the main obstacles to the broad use of green financing are low investor awareness, complicated regulations, and financial hazards. With banks, asset managers, insurance providers, and other financial intermediaries becoming more dedicated to assisting sustainable projects, the role of financial institutions in encouraging green investments has grown in significance in recent years. This study highlights new developments in green finance while delving deeper into the difficulties and obstacles these institutions encounter in India. The goal is to provide light on how financial institutions may better encourage sustainable investment, which will help to mitigate climate change and promote sustainable development.

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Pages: 85-88     |    1 View     |    0 Download