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A Systematic Review on Green Finance and Sustainable Development

Author

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  • Idrees, Muhammad Abdullah
  • Mehmood, Sumera
  • Shah, Zubair
  • Zafar, Muhammad Umair

Abstract

Purpose: The emergence of green financing has come to be a important tool in advancing sustainable improvement and tackling environmental troubles. This research delves into the fame of green financing within Pakistan, elucidating the barriers it encounters and presenting techniques for its enhancement in the country. The research exhibits that green financing holds the ability to channel funds into green ventures, thereby curtailing the state's carbon emissions.Approach: Pakistan faces various impediments in the realm of green financing, encompassing inadequate awareness, restrained engagement from the non-public sector, insufficient financial backing, and the absence of standardized practices. Analysis of various encompassed theoretical journals, administration reviews, and coverage papers have been used.Findings: To surmount these hurdles, the research advocates for heightened consciousness, incentivizing private section involvement, providing financial help, and setting up uniform descriptions and processes.Implications: In end, the studies asserts that with continual energies and cooperative endeavors, the demanding situations obstructing green financing in Pakistan can be conquered, ushering in a greater sustainable future with increased capital mobilization.

Suggested Citation

  • Idrees, Muhammad Abdullah & Mehmood, Sumera & Shah, Zubair & Zafar, Muhammad Umair, 2023. "A Systematic Review on Green Finance and Sustainable Development," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 9(4), pages 529-536, December.
    • Handle: RePEc:src:jafeec:v:9:y:2023:i:4:p:529-536
    DOI: http://doi.org/10.26710/jafee.v9i4.2835
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