Name: Madhu Bala
Country: India

Year: 2024
Volume: Volume-9, Issue-2 (July-December)
Page Number: 10-22

With the economy developing rapidly, the environmental problem has been occurring frequently, which needs green finance that supports energy conservation, environmental protection, and sustainable development to solve. Green finance is essential for economic development and sustainability because it enables the identification of innovative financing mechanisms that support environmentally sustainable investments. By providing funds for environmentally friendly projects, green finance contributes to reducing the negative impact of economic activities on the environment, which in turn leads to the preservation of natural resources and the mitigation of climate change. Additionally, it can lead to the creation of new business opportunities, green jobs, and enhanced competitiveness, thereby promoting economic development. This paper aimed to explore the different ways of green financing in detail in different sectors towards sustainable development. The study is based on extant literature and will include the examples of green financing from current Indian scenario in selected sectors . This paper studies the green financing initiatives in various selected sectors. Information listed in this research paper is derived from web reports, annual reports, press releases, white papers, and various references. The results show that there are numerous innovative pathways towards Sustainable Development through green financing and green finance has a significant impact on economic development and sustainability. This paper seeks new innovative pathways towards sustainable development through Green Financing for the high-quality development of the economy and sustainability, which few scholars have studied.
KEYWORDS - Economy, Development, Green Financing, Sustainability, Sustainable Development