A Systematic Review on Green Finance and Sustainable Development

  • Muhammad Abdullah Idrees Hamdard University, Karachi, Pakistan
  • Sumera Mehmood Iqra University, Karachi, Pakistan
  • Zubair Shah Salim Habib University, Karachi, Pakistan
  • Muhammad Umair Zafar Dow University of Health Sciences, Karachi, Pakistan
Keywords: Green Finance, Environmental Sustainability, Sustainable Development, Green Economy, Sustainable Future

Abstract

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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Author Biographies

Muhammad Abdullah Idrees, Hamdard University, Karachi, Pakistan

Lecturer, Hamdard University, Karachi, Pakistan

Sumera Mehmood, Iqra University, Karachi, Pakistan

lecturer, Iqra University, Karachi, Pakistan

Zubair Shah, Salim Habib University, Karachi, Pakistan

Assistant Professor, Salim Habib University, Karachi, Pakistan

Muhammad Umair Zafar, Dow University of Health Sciences, Karachi, Pakistan

Alumni and Marketing Communications, Dow University of Health Sciences, Karachi, Pakistan

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Published
2023-12-31
How to Cite
Idrees, M. A., Mehmood, S., Shah, Z., & Zafar, M. U. (2023). A Systematic Review on Green Finance and Sustainable Development. Journal of Accounting and Finance in Emerging Economies, 9(4), 529-536. https://doi.org/10.26710/jafee.v9i4.2835