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Climate Change and Sustainability: The Role of Finance in Driving the Transition to a Greener Future

Author

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  • Dina Joseph

    (VELS University)

  • M Vetrivel

    (VELS University)

Abstract

One of the most important issues confronting mankind in the twenty-first century is climate change. These days, more people are aware of global warming and its negative effects on human existence. Change is thus necessary for survival, and ongoing efforts should be undertaken to manage the environment in a sustainable way. The necessity for quick action has increased as the effects of global warming become more obvious. The role of finance in addressing climate change goes beyond mere funding; it serves as a catalyst for sustainable development, driving innovation, incentivizing low-carbon investments, and reshaping the global economy towards a more resilient and low-carbon future. This paper highlights the pivotal role of finance in addressing climate change and highlights the transformative potential it holds for a sustainable future.

Suggested Citation

  • Dina Joseph & M Vetrivel, 2023. "Climate Change and Sustainability: The Role of Finance in Driving the Transition to a Greener Future," Shanlax International Journal of Management, Shanlax Journals, vol. 11(1), pages 51-53, July.
    • Handle: RePEc:acg:managt:v:11:y:2023:i:1:p:51-53
    DOI: 10.34293/management.v11i1.6275
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    References listed on IDEAS

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    1. Emmanuel Bovari & Gäel Giraud & Florent McIsaac, 2020. "Financial impacts of climate change mitigation policies and their macroeconomic implications: a stock-flow consistent approach," Climate Policy, Taylor & Francis Journals, vol. 20(2), pages 179-198, February.
    2. Alex Bowen, 2011. "Raising climate finance to support developing country action: some economic considerations," Climate Policy, Taylor & Francis Journals, vol. 11(3), pages 1020-1036, May.
    3. Hyoungkun Park & Jong Dae Kim, 2020. "Transition towards green banking: role of financial regulators and financial institutions," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 5(1), pages 1-25, December.
    4. Emmanuel Bovari & Gäel Giraud & Florent McIsaac, 2020. "Financial impacts of climate change mitigation policies and their macroeconomic implications: a stock-flow consistent approach," Climate Policy, Taylor & Francis Journals, vol. 20(2), pages 179-198, February.
    5. Su‐Yol Lee, 2012. "Corporate Carbon Strategies in Responding to Climate Change," Business Strategy and the Environment, Wiley Blackwell, vol. 21(1), pages 33-48, January.
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