Green Finance Key for Sustainable Development of Economy

Abstract

Green finance is an element of a broader occurrence; from the incorporation of assorted non-financial or ethical concerns onto the financial universe. Generally green finance is taken into account because the resource for green growth which reduces greenhouse emission emissions and air pollutant emissions significantly. Green finance in agriculture, green buildings and other green projects should increase for the economic development of the country. In this paper an effort has been made to explain green financing in a very boarder sense. In present times of technological progress the worldwide economy is undermined from three major challenges: environmental change, vitality limitations and money related emergency. this can be on account of economic improvement conveys alongside itself expenses to the countries within the shape of environmental degradation. Green finance is that the solution for accomplishing contract between the economy and nature. Green finance is taken into account because 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 state. During this paper an Endeavour has been made to explore the prevailing literature on the green finance and future scope of green finance in India. Green finance is an emerging concept within the field of finance. Because of limitation of public finance for financing the sustainable development and reducing the consequences of temperature change temperature change}, private finance has gained its importance. Green finance which capitalizes the private finance refers to financial support for sustainable development. This study, through secondary information, attempts to debate the necessity, constraint and government initiative for green finance. the aim of this paper is to aware the private investors about their role in sustainability.