Affiliation:
1. GSFC University, Vadodara, India
2. The Maharaja Sayajirao University of Baroda, India
3. MAHE Dubai, UAE
Abstract
Green banking's potential to foster green economies and ensure a sustainable future is profound, emphasizing the critical importance of green finance in advancing SDGs and mitigating global environmental challenges. Central Asian banks, including India, have increasingly embraced green finance, acknowledging its pivotal role in addressing climate risks. The study has proposed a conceptual framework that depicts the interplay between drivers, facilitators, and accelerators of green banking and sustainable development goals (SDGs), especially SDG 7 (affordable and clean energy), SDG 11 (sustainable cities and communities), SDG 12 (responsible consumption and production) and SDG 13 (climate action), highlighting collaborative efforts needed for global sustainability. This article sheds light on the transformational potential of green banking projects by discussing both the practical and social aspects of the proposed initiatives.
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