Exploration of Opportunities and Challenges in Green Finance

Abstract

Sustainability and green finance both are totally intertwined. As the economies are developing, they are forgetting the basic purpose of sustainable development. To curb this, many regulatory institutions have framed the policies which are mandatory for the companies to oblige. The present study tried to explore the opportunities available in promoting green finance and challenges involved with it. Long term vision, technological risks, market and demand, reputational and social risks, and alignment with global trends are observed as the key working parameters to attain sustainable development with green finance. Disclosures for financial institutions to assess the risks assessing the actual and proposed vulnerability analysis for various sectors, stress testing, regulatory measures, and initiatives planned and implemented by the Indian regulators are considered. Research models are framed after understanding and observing the data. Market exploration for green products and services, carbon agenda 2070 are the few other challenges to be sorted by regulators for effective execution of green finance.