EMERGING TRENDS IN GREEN FINANCING: OPPORTUNITIES FOR INDIAN BUSINESSES

Seema Pillai

doi:10.29121/shodhkosh.v3.i1.2022.4151

Authors

Dr. Seema Pillai I/c. Principal, (Head of Department of Accountancy for Master of Commerce Branch), Smt. Devkiba Mohansinhji Chauhan College of Commerce and Science, Lions Educational Campus, Saily Road, Silvassa, U.T of DNH and DD, India, Affiliated to University of Mumbai

DOI:

https://doi.org/10.29121/shodhkosh.v3.i1.2022.4151

Keywords:

Green Financing, Sustainable Development, Indian Businesses, Renewable Energy, Green Bonds, Climate Change, Eco-Friendly Technologies

Abstract [English]

Green financing has emerged as a pivotal mechanism to promote sustainable development by supporting projects that align with environmental objectives. Indian businesses are gradually recognizing the importance of integrating green financing into their strategic operations to mitigate environmental challenges and capitalize on opportunities in renewable energy, sustainable infrastructure, and eco-friendly technologies. This study explores the concept, scope, and emerging trends in green financing while evaluating its potential impact on the Indian economy. Through an extensive literature review and analysis, the study highlights the challenges and opportunities faced by Indian businesses in adopting green financing strategies. It also proposes recommendations to enhance accessibility and effectiveness, thus paving the way for a sustainable future.

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