International Journal of Sustainable and Green Energy

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Practices of Green Financing and Sustainable Development: Scope and Complexity

Received: Oct. 16, 2022    Accepted: Nov. 16, 2022    Published: Jan. 30, 2023
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Abstract

Green financing or environmentally friendly financing is a newly arising financial form to accumulate environmental preservation with sustainable goals, economic gains, emphasizes environmental benefits, low carbon economy in ways that benefit the organization and its stakeholders. Entrepreneurs, investors, and owners of the organization of different countries in the world are more concerned about investment their capital that’s why they prefer green or sustainable financing. The article is devoted to the study of the essence of "green" finance and to highlight the present condition of green financing in Bangladesh. This research paper mostly draws on secondary data that was gathered from the Bangladesh Bank's annual report as well as publications on sustainable and inclusive banking, green banking, and green financing that were published in newspapers, journals, and books. The goal of the article is to examine how green financing might be used to achieve sustainable development objectives in Bangladesh and reveals the various challenges that impact to achieve the sustainable development of Bangladesh as well as opportunities which are going to aid the financial institutions of our country. The necessity of greening the financial system is covered in this study and the role of financial governance to overcome the crisis of electricity and how renewable energy (green) will help to diminish this difficulty.

DOI 10.11648/j.ijrse.20231201.12
Published in International Journal of Sustainable and Green Energy ( Volume 12, Issue 1, March 2023 )
Page(s) 6-12
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Green Finance, Sustainable Development, COVID-19, Electric Crisis, Environment

References
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  • APA Style

    Farzana Rashid, Azmat Ullah. (2023). Practices of Green Financing and Sustainable Development: Scope and Complexity. International Journal of Sustainable and Green Energy, 12(1), 6-12. https://doi.org/10.11648/j.ijrse.20231201.12

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    ACS Style

    Farzana Rashid; Azmat Ullah. Practices of Green Financing and Sustainable Development: Scope and Complexity. Int. J. Sustain. Green Energy 2023, 12(1), 6-12. doi: 10.11648/j.ijrse.20231201.12

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    AMA Style

    Farzana Rashid, Azmat Ullah. Practices of Green Financing and Sustainable Development: Scope and Complexity. Int J Sustain Green Energy. 2023;12(1):6-12. doi: 10.11648/j.ijrse.20231201.12

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  • @article{10.11648/j.ijrse.20231201.12,
      author = {Farzana Rashid and Azmat Ullah},
      title = {Practices of Green Financing and Sustainable Development: Scope and Complexity},
      journal = {International Journal of Sustainable and Green Energy},
      volume = {12},
      number = {1},
      pages = {6-12},
      doi = {10.11648/j.ijrse.20231201.12},
      url = {https://doi.org/10.11648/j.ijrse.20231201.12},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijrse.20231201.12},
      abstract = {Green financing or environmentally friendly financing is a newly arising financial form to accumulate environmental preservation with sustainable goals, economic gains, emphasizes environmental benefits, low carbon economy in ways that benefit the organization and its stakeholders. Entrepreneurs, investors, and owners of the organization of different countries in the world are more concerned about investment their capital that’s why they prefer green or sustainable financing. The article is devoted to the study of the essence of "green" finance and to highlight the present condition of green financing in Bangladesh. This research paper mostly draws on secondary data that was gathered from the Bangladesh Bank's annual report as well as publications on sustainable and inclusive banking, green banking, and green financing that were published in newspapers, journals, and books. The goal of the article is to examine how green financing might be used to achieve sustainable development objectives in Bangladesh and reveals the various challenges that impact to achieve the sustainable development of Bangladesh as well as opportunities which are going to aid the financial institutions of our country. The necessity of greening the financial system is covered in this study and the role of financial governance to overcome the crisis of electricity and how renewable energy (green) will help to diminish this difficulty.},
     year = {2023}
    }
    

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    T2  - International Journal of Sustainable and Green Energy
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    AB  - Green financing or environmentally friendly financing is a newly arising financial form to accumulate environmental preservation with sustainable goals, economic gains, emphasizes environmental benefits, low carbon economy in ways that benefit the organization and its stakeholders. Entrepreneurs, investors, and owners of the organization of different countries in the world are more concerned about investment their capital that’s why they prefer green or sustainable financing. The article is devoted to the study of the essence of "green" finance and to highlight the present condition of green financing in Bangladesh. This research paper mostly draws on secondary data that was gathered from the Bangladesh Bank's annual report as well as publications on sustainable and inclusive banking, green banking, and green financing that were published in newspapers, journals, and books. The goal of the article is to examine how green financing might be used to achieve sustainable development objectives in Bangladesh and reveals the various challenges that impact to achieve the sustainable development of Bangladesh as well as opportunities which are going to aid the financial institutions of our country. The necessity of greening the financial system is covered in this study and the role of financial governance to overcome the crisis of electricity and how renewable energy (green) will help to diminish this difficulty.
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Author Information
  • Department of Business Administration, Port City International University, Chattrogram, Bangladesh

  • Department of Business Administration, Port City International University, Chattrogram, Bangladesh

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