A Systematic Review on Green Finance and Sustainable Development

Purpose: The emergence of green financing has come to be a important tool in advancing sustainable improvement and tackling environmental troubles. This research delves into the fame of green financing within Pakistan, elucidating the barriers it encounters and presenting techniques for its enhance...

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Main Authors: Muhammad Abdullah Idrees, Sumera Mehmood, Zubair Shah, Muhammad Umair Zafar
Format: Article
Language:English
Published: CSRC Publishing 2023-12-01
Series:Journal of Accounting and Finance in Emerging Economies
Online Access:https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2835
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author Muhammad Abdullah Idrees
Sumera Mehmood
Zubair Shah
Muhammad Umair Zafar
author_facet Muhammad Abdullah Idrees
Sumera Mehmood
Zubair Shah
Muhammad Umair Zafar
author_sort Muhammad Abdullah Idrees
collection DOAJ
description Purpose: The emergence of green financing has come to be a important tool in advancing sustainable improvement and tackling environmental troubles. This research delves into the fame of green financing within Pakistan, elucidating the barriers it encounters and presenting techniques for its enhancement in the country. The research exhibits that green financing holds the ability to channel funds into green ventures, thereby curtailing the state's carbon emissions. Approach: Pakistan faces various impediments in the realm of green financing, encompassing inadequate awareness, restrained engagement from the non-public sector, insufficient financial backing, and the absence of standardized practices. Analysis of various encompassed theoretical journals, administration reviews, and coverage papers have been used. Findings: To surmount these hurdles, the research advocates for heightened consciousness, incentivizing private section involvement, providing financial help, and setting up uniform descriptions and processes. Implications: In end, the studies asserts that with continual energies and cooperative endeavors, the demanding situations obstructing green financing in Pakistan can be conquered, ushering in a greater sustainable future with increased capital mobilization.
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spelling doaj.art-66a0416d16354714a5dddbeb14e285c22024-01-31T14:11:59ZengCSRC PublishingJournal of Accounting and Finance in Emerging Economies2519-03182518-84882023-12-0194A Systematic Review on Green Finance and Sustainable DevelopmentMuhammad Abdullah Idrees0Sumera Mehmood1Zubair Shah2Muhammad Umair Zafar3Hamdard University, Karachi, PakistanIqra University, Karachi, PakistanSalim Habib University, Karachi, PakistanDow University of Health Sciences, Karachi, Pakistan Purpose: The emergence of green financing has come to be a important tool in advancing sustainable improvement and tackling environmental troubles. This research delves into the fame of green financing within Pakistan, elucidating the barriers it encounters and presenting techniques for its enhancement in the country. The research exhibits that green financing holds the ability to channel funds into green ventures, thereby curtailing the state's carbon emissions. Approach: Pakistan faces various impediments in the realm of green financing, encompassing inadequate awareness, restrained engagement from the non-public sector, insufficient financial backing, and the absence of standardized practices. Analysis of various encompassed theoretical journals, administration reviews, and coverage papers have been used. Findings: To surmount these hurdles, the research advocates for heightened consciousness, incentivizing private section involvement, providing financial help, and setting up uniform descriptions and processes. Implications: In end, the studies asserts that with continual energies and cooperative endeavors, the demanding situations obstructing green financing in Pakistan can be conquered, ushering in a greater sustainable future with increased capital mobilization. https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2835
spellingShingle Muhammad Abdullah Idrees
Sumera Mehmood
Zubair Shah
Muhammad Umair Zafar
A Systematic Review on Green Finance and Sustainable Development
Journal of Accounting and Finance in Emerging Economies
title A Systematic Review on Green Finance and Sustainable Development
title_full A Systematic Review on Green Finance and Sustainable Development
title_fullStr A Systematic Review on Green Finance and Sustainable Development
title_full_unstemmed A Systematic Review on Green Finance and Sustainable Development
title_short A Systematic Review on Green Finance and Sustainable Development
title_sort systematic review on green finance and sustainable development
url https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2835
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