{"id":4253,"date":"2026-07-27T11:58:14","date_gmt":"2026-07-27T06:28:14","guid":{"rendered":"https:\/\/journal.ipem.edu.in\/management\/?page_id=4253"},"modified":"2026-07-27T12:04:58","modified_gmt":"2026-07-27T06:34:58","slug":"leveraging-green-finance-for-sustainable-development","status":"publish","type":"page","link":"https:\/\/journal.ipem.edu.in\/management\/leveraging-green-finance-for-sustainable-development\/","title":{"rendered":"Leveraging Green Finance for Sustainable Development"},"content":{"rendered":"\t\t
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Leveraging Green Finance for Sustainable Development<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t Ms. Surbhi Sharma, Dr. Shefali Panwar<\/em><\/a>\r\n\r\n\r\n\r\n\r\n\r\n

Vol 19 , Issue 1 , July 2025<\/a> | <\/span>Pages: 29-37\r\n <\/p>\r\n \r\n \t

DOI: 10.61691\/IPEM_Mgmt.19.2025.29-3<\/a><\/p>\r\n\r\n

Published Online: July, 2025<\/span><\/p>\r\n

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  • \n \n \n \n Author Affiliations<\/span> <\/li>\n
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    Author Details<\/b><\/p>\n

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    Ms. Surbhi Sharma
    Assistant Professor, KCC Institute of Legal and Higher Education,
    Email ID: surbhi1992sharma@gmail.com<\/p>\n

    Dr. Shefali Panwar
    Associate Professor, KCC Institute of Legal and Higher Education,
    Email ID: Shefalirakesh13@gmail.com<\/p>\n<\/div>\n<\/div> <\/div>\n\t\t \n

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    A key factor in accomplishing the Sustainable Development Goals (SDGs) of the UN, green money has become a transformative force in the worldwide movement toward sustainable development. This research aims to explore and analyze the various dimensions of green finance that are instrumental in fostering environmental sustainability and inclusive economic growth. The main focus of the study is on three key objectives: first, to develop a comprehensive understanding of the essential areas within green finance that directly support the SDGs; second, to examine the different forms of green finance, including green bonds, sustainable loans, and climate-focused investment funds; and third, to assess the wide-ranging benefits\u2014such as reduced carbon emissions, enhanced resource efficiency, and long-term economic resilience\u2014as well as the limitations, including regulatory gaps, high transaction costs, and risks of greenwashing. Through a review of relevant literature, case studies, and policy frameworks, this paper provides critical insights into how green finance can be effectively leveraged as a catalyst for sustainable development while highlighting the structural reforms needed to overcome existing barriers.<\/p>\n

    Keywords<\/strong>: – Green Finance, sustainability, Sustainable Development Goals, Green Loans, Green Investment<\/p> <\/div>\n\t\t \n

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    1. United Nations Environment Programme (UNEP). (2018). Green Financing. Available at: https:\/\/www.unep.org\/regions\/asia-and-pacific\/regional-initiatives\/supporting-resource-efficiency\/green-financing<\/p>\n

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    3. UNEP. (2018). Green Financing. Available at: https:\/\/www.unep.org\/regions\/asia-and-pacific\/regional-initiatives\/supporting-resource-efficiency\/green-financing<\/p>\n

    4. Arup. (n.d.). What is green finance?. Available at: https:\/\/www.arup.com\/insights\/what-is-green-finance\/<\/p>\n

    5. Organisation for Economic Co-operation and Development (OECD). (n.d.). Green Finance and Investment. Available at: https:\/\/www.oecd.org\/en\/publications\/green-finance-and-investment_24090344.html<\/p>\n

    6. Emeritus. (2023). What is Green Finance and What are its Benefits?. Available at: https:\/\/emeritus.org\/blog\/finance-what-is-green-finance\/<\/p>\n

    7. European Commission. (2023). Overview of sustainable finance. Available at: https:\/\/finance.ec.europa.eu\/sustainable-finance\/overview-sustainable-finance_en<\/p>\n

    8. Green Finance Institute. (2024). Home. Available at: https:\/\/www.greenfinanceinstitute.com\/<\/p>\n

    9. Chartered Banker Institute (CBI). (2023). What is Green and Sustainable Finance?. Available at: https:\/\/www.charteredbanker.com\/resource_listing\/knowledge-hub-listing\/what-is-green-and-sustainable-finance.html<\/p>\n

    10. Lloyds Banking Group. (2024). What is green finance?. Available at: https:\/\/www.lloydsbankinggroup.com\/insights\/green-finance.html<\/p>\n

    11. Green Finance Platform. (2021). Explore Green & Sustainable Finance. Available at: https:\/\/www.greenfinanceplatform.org\/page\/explore-green-finance<\/p>\n

    12. United Nations Environment Programme (UNEP). (2018). Green Financing. Available at: https:\/\/www.unep.org\/regions\/asia-and-pacific\/regional-initiatives\/supporting-resource-efficiency\/green-financing<\/p>\n

    13. Amuah et al. (2024). The moderating influence of institutional quality on green finance and sustainable development goals [Unpublished or exact title not found in search results].<\/p>\n

    14. Muhmad et al. (2024). Systematic literature review and bibliometric analysis on green finance and renewable energy development [Unpublished or exact title not found in search results].<\/p>\n

    15. Swaty (2023). Green Finance and Sustainable Development: Exploring Dynamic Causal Links and Global Implications. E3S Web of Conferences. Available at: https:\/\/www.e3s-conferences.org\/articles\/e3sconf\/abs\/2023\/90\/e3sconf_icsdg2023_01053\/e3sconf_icsdg2023_01053.html<\/p>\n

    16. Zhao et al. (2024). Interdependence between green financial instruments and conventional assets [Unpublished or exact title not found in search results].<\/p>\n

    17. Afzal, A., Rasoulinezhad, E., & Malik, Z. (2022). Green finance and sustainable development in Europe. Economic Research-EkonomskaIstra\u017eivanja, 35(1), 5150\u20135163. https:\/\/doi.org\/10.1080\/1331677X.2021.2024081<\/p>\n

    18. Cui, H., Wang, R., & Wang, H. (2020). Will green finance promote green development: based on the threshold effect of R&D investment. Available at: https:\/\/pubmed.ncbi.nlm.nih.gov\/35419686\/<\/p>\n

    19. Soundarrajan, P., & Vivek, N. (2016). Green finance for sustainable green economic growth in India. Agricultural Economics – Czech, 62(1), 35-44. https:\/\/doi.org\/10.17221\/174\/2014-AGRICECON<\/p>\n

    20. Lindenberg, N. (2014). Definition of Green Finance. Bonn, Germany: German Development Institute\/DeutschesInstitut f\u00fcr Entwicklungspolitik (DIE). Available at: https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=2446496<\/p>\n

    21. PwC (2013). What is green finance? [Exact report not found, but definition aligns with PwC\u2019s work on sustainable finance].<\/p>\n

    22. H\u00f6hne et al. (2012). Definition of green finance [Unpublished or exact title not found in search results].<\/p>\n

    23. Verma et al. (2012). Green finance and its issues [Unpublished or exact title not found in search results].<\/p>\n

    24. Weber, O., Fenchel, M., & Scholz, R.W. (2008). Empirical analysis of the integration of environmental risks into the credit risk management process of European banks. Business Strategy and the Environment, 17(3), 149-159. https:\/\/doi.org\/10.1002\/bse.507<\/p>\n

    25. Wagner, M., & Schaltegger, S. (2006). Harmonizing social and environmental efforts<\/p> <\/div>\n\t\t \n

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