Published Paper Details:

India today is witnessing an interesting change within the corporate sector. Indian companies are gaining worldwide recognition and are embracing sustainability, going beyond compliance to gain shared value and good reputation in the international business community. Green finance refers to the financial arrangements that are specific to the use for projects that are environmentally sustainable or projects that adopt the aspects of climate change. Financial instruments such as green bonds; carbon market instruments and financial institutions like green banks and green funds constitute together as green finance. It requires appropriate incentive structure for amplified allocation of funds towards adopting and setting up of green projects. The success of introducing innovative financing mechanisms and instruments requires necessary conditions to prevail in the economy. The financial sector can play a vital role in mitigating overarching climate change risks by diverting capital from the carbon-emitting sectors to the carbon-mitigating sectors.