GREEN FINANCING AND SUSTAINABLE DEVELOPMENT: DECODING THE ‘HOW’?

Abstract

This study examines the influence of green finance (GF) on sustainable development (SD) by examining its influences on innovative green projects (IGPs) and sustainable investment strategies (SIS). The study uses a quantitative research design and surveys 138 professionals from India engaged in sectors such as renewable energy, environmental-based consulting firms, infrastructure (including transportation), and green finance (GF). The study finds that green finance has a significant influence on both IGPs and SIS. The study used SEM tools and other appropriate statistical and econometric techniques to analyse direct and mediated interactions. The study finds that IGPs and SIS moderately facilitate the connection between green financing (GF) and sustainability results. The study's findings highlight that individuals across diverse sectors significantly influence perceptions of green finance success, with the renewable and infrastructure sectors showing the highest alignment with sustainability objectives. The research model showed that the variables selected exhibit strong positive statistical validity, confirming that a well-structured green finance (GF) outline may be a planned driver of long-term conservation and socio-economic transformations. The study also emphasizes the grave necessity of allocating financial resources to innovative and sustainable investments to achieve long-term developmental goals. The research also examines the role of green finance (GF) in nurturing a sustainable future and provides actionable recommendations for regulators, sustainability experts and other stakeholders.