Exploring the Impact of Green Finance Initiatives on Sustainable Development Goals: A Cross-Country Analysis
DOI:
https://doi.org/10.56830/IJGMBS12202405Keywords:
Green Finance Initiative, Sustainable Development Goals, Clean EnergyAbstract
Addressing global challenges together with weather exchange and environmental degradation calls for progressive financing solutions. Green finance has emerged as a crucial device for mobilizing capital to support sustainable development. This research examines the function of inexperienced finance in accomplishing the Sustainable Development Goals (SDGs), drawing insights from case studies and empirical analysis. The study unearths that green finance can undoubtedly contribute to realizing the SDGs, especially in areas like climate action, low-priced and easy strength, and enterprise, innovation, and infrastructure. However, the research also identifies key challenges, including the lack of standardization in defining "green" and the want for higher alignment among domestic financial frameworks and country wide SDG priorities. The paper affords policy recommendations for governments to create an allowing surroundings for green finance. This includes adopting a proactive method to fostering legal and regulatory frameworks that assist the mobilization of monetary resources for ecological, social, and monetary sustainability. The findings of this research can inform policymakers, financial institutions, and other stakeholders of their efforts to leverage green finance for sustainable improvement.
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