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Facilitating Green Digital Finance in Bangladesh: Importance, Prospects, and Implications for Meeting the SDGs

In: Green Digital Finance and Sustainable Development Goals

Author

Listed:
  • Sakib Bin Amin

    (North South University)

  • Farhad Taghizadeh-Hesary

    (Tokai University
    Tokai University)

  • Farhan Khan

    (North South University)

Abstract

This chapter provides a critical discussion of the factors influencing the digitization of green finance in Bangladesh, a country located in the north-eastern part of South Asia. Although Bangladesh has several green funds for financing renewable and other climate-related projects to achieve the sustainable development goals (SDGs), the proportion is significantly low. Apart from the other identified barriers, the absence of a solid policy framework is a significant loophole hindering the digitization of green finance in Bangladesh. Therefore, the chapter argues that the primary objective for the government of Bangladesh is to focus on preparing a policy framework for digitization side by side with establishing strong regulatory authority for market regulation and stability. The chapter also highlights the importance of interdisciplinary research and development programs for acquiring new FinTech ideas for facilitating green digital financing in Bangladesh for green transition and meeting the SDGs.

Suggested Citation

  • Sakib Bin Amin & Farhad Taghizadeh-Hesary & Farhan Khan, 2022. "Facilitating Green Digital Finance in Bangladesh: Importance, Prospects, and Implications for Meeting the SDGs," Economics, Law, and Institutions in Asia Pacific, in: Farhad Taghizadeh-Hesary & Suk Hyun (ed.), Green Digital Finance and Sustainable Development Goals, chapter 0, pages 143-165, Springer.
    • Handle: RePEc:spr:eclchp:978-981-19-2662-4_7
    DOI: 10.1007/978-981-19-2662-4_7
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