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ARTICLE · 08 MARCH 2022

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Green Finance: Exploring The Indian Financial System

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Sustainable development is a key concept in environment jurisprudence that has aimed at harmonising economic development and environment protection.

IndiaFinance and Banking
Parul Kashyap
Parul Kashyap

INTRODUCTION

Sustainable development is a key concept in environment jurisprudence that has aimed at harmonising economic development and environment protection. To combat the imminent threats of climate change various summits and conferences have based their plan of action on the lines of sustainable development. The 2030 Sustainable Development Goals (SDGs) are a unique set of seventeen-time bound goals that aim to balance all three objectives of sustainability i.e., economic, social and environment. Sustainability has emerged as a driving force for all sectors of the economy. The financial sector especially has been under the lens to contribute towards environment sustainability. In this backdrop 'green finance' has become a hot topic among corporates globally. Green finance means to include all public and private entities which provide financial assistance for sustainable development initiatives. A few of these initiatives include climate change, renewable

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