Green-Banking Practices in Bangladesh-A Scope to Make Banking Green
In Bangladesh, it is not blamed to pollute environment compare with other countries. Amount of CO2 emission is also very low comparing with other countries. But we are the victims of this CO2 emission or environmental pollution. So, to survive ourselves we should incorporate this green banking for the sake of our people. As early as possible the banking community should commence its activities. Government should take necessary steps to enforce existing environmental regulations and formulate appropriate rules to ensure "Pollute Pays Principle" in the country. The Central bank of Bangladesh can play a pro-active role in formulating a national level "Green Credit Policy" and creating a sound incentive structure for performing ER practices by banks. Much more is expected from the civil society organizations in the form of awareness development, research activities and business monitoring. "Consumer Awareness" is the area where Bangladesh needs remarkable change, because green banking is largely driven by consumer behavior and consumption patterns. For rapid change among consumers and business, a collective endeavor of government, media, NGOs, and banks will be required. An isolated effort by banking communities may not bring much. The success of the proposed framework would depend upon the pro-active role of all stakeholders and a sound incentive structure.
When requesting a correction, please mention this item's handle: RePEc:mth:ifb888:v:1:y:2014:i:1:p:1-38. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Technical Support Office)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.