What is it about?
In this chapter, we delve into the dynamic realm of green finance initiatives in developing countries, casting a spotlight on their pivotal role in harmonizing economic development with environmental preservation. We unpack the definition and multifaceted scope of green finance, and present a comprehensive overview of various financial instruments in use
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Why is it important?
A primary focus is on the profound contributions of green finance to sustainable development, including its impact on renewable energy, climate adaptation, and eco-friendly infrastructure. Not only do we highlight the positive environmental outcomes, but we also critically scrutinize challenges, such as the phenomenon of greenwashing, inherent risks, and the pressing need for transparency and robust regulatory frameworks
Perspectives
The paper underscores the promising future prospects of green finance in developing countries, illustrating its transformative potential in shaping a more sustainable and ethically responsible financial landscape.
Dr. Thinh Gia Hoang
Western Sydney University
Read the Original
This page is a summary of: Green Finance Initiatives in Developing Countries: Unveiling Critical Perspectives for Advancing Sustainability, Environmental Stewardship, and Ethical Management, January 2024, Elsevier,
DOI: 10.1016/b978-0-443-13701-3.00144-4.
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