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Green finance for sustainable green economic growth in India

Author

Listed:
  • Parvadavardini SOUNDARRAJAN

    (Department of Humanities, PSG College of Technology, Coimbatore, India)

  • Nagarajan VIVEK

    (PSG Institute of Management, PSG College of Technology, Coimbatore, India)

Abstract

Green finance is a core part of the low carbon green growth, because it connects the financial industry, environmental improvement and economic growth. The objective of this paper is to study the green finance and to validate the concept as feasible in the Indian industries for balancing the ecological depreciation due to the assimilation of carbon gases in atmosphere. Green Finance is a market-based investing or lending program that factors environmental impact into risk assessment, or utilizing environmental incentives to drive business decisions. Therefore, the paper also discusses the recent trends and the future opportunities and challenges in green finance in the emerging India. Green investing recognizes the value of the environment and its natural capital and also seeks to improve the human well-being and social equity while reducing environmental risks and improving the ecological integrity.

Suggested Citation

  • Parvadavardini SOUNDARRAJAN & Nagarajan VIVEK, 2016. "Green finance for sustainable green economic growth in India," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(1), pages 35-44.
    • Handle: RePEc:caa:jnlage:v:62:y:2016:i:1:id:174-2014-agricecon
    DOI: 10.17221/174/2014-AGRICECON
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    References listed on IDEAS

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    1. Stuart L. Hart & Gautam Ahuja, 1996. "Does It Pay To Be Green? An Empirical Examination Of The Relationship Between Emission Reduction And Firm Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 5(1), pages 30-37, March.
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