Green Finance is an integration of finance and innovation towards those products that lead to environmentally sustainable growth. In other words, it combines opportunities for economic growth as well as reaping environmental benefits, simultaneously. Green Finance had gained popularity after the Paris Climate Agreement when countries had committed to fighting climate change but faced a parallel challenge to achieve sustained economic growth. Green Finance includes various financial products and services (viz. green bonds, green loans, green insurance, etc.) focused towards creating a positive befalling impact on the environment.
According to the United Nations Environment Programme, Green Financing can be promoted inter alia through changes in countries' regulatory frameworks, harmonizing public financial incentives, increase in investment in clean and green technologies, etc.
With an aim to reduce the carbon footprint, and keeping in consonance with the Paris Climate Agreement, countries are now developing strategies and policies for encouraging Green Finance. This is being achieved by redirecting capital flows to environmentally responsible projects and technologies.
The World Is Going Green
With increased awareness in relation to environmental protection, banks have now introduced green finance products within their existing product portfolios. These include green home loans, green construction loans, green car loans, green project loans, green securitization products, etc.
هذه القصة مأخوذة من طبعة April 2021 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة April 2021 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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\"I believe that at the end of the century, the use of words and general educated opinion will have altered so much that one will be able to speak of machines thinking without expecting to be contradicted.\" - Alan Turing (23 June 1912 - 7 June 1954)
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