Examining the Linkage Between Green Finance Business Models and Sustainable Development in India

Abstract

Currently, adopting environmentally friendly practices is crucial and will continue to be a priority. Green finance represents a novel and progressive idea in the finance sector. This study explores the relationship among green financing business models, economic growth, and the attainment of environmental sustainability. This chapter examines the need and significance of green finance in both developed and developing economies to achieve their goals of reducing carbon emissions, protecting the environment, and promoting sustainability. This chapter not only delineates the differences between traditional and green finance models but also provides a comprehensive overview of the advantages of endorsing green finance business models for achieving sustainable development in India.