A wave of green start-ups in India—The study of green finance as a support system for sustainable entrepreneurship

IF 5.5 Q1 BUSINESS, FINANCE

Green Finance Pub Date : 2022-01-01 DOI:10.3934/gf.2022012

M. Bhatnagar, Sanjay Taneja, Ercan Özen

{"title":"A wave of green start-ups in India—The study of green finance as a support system for sustainable entrepreneurship","authors":"M. Bhatnagar, Sanjay Taneja, Ercan Özen","doi":"10.3934/gf.2022012","DOIUrl":null,"url":null,"abstract":"Development of the economy cannot be done at the cost of deterioration of ecology. Green finance is the most practical way of economic development and ecological development. To tackle the urgent challenges of climate change, several summits and conferences have adopted a sustainable development framework for their action plans. The 2030 Sustainable Development Goals (SDGs) are a unique collection of seventeen time-bound goals that strive to balance the three sustainability objectives of economic, social, and environmental sustainability. This research has been carried out to assess the present status of green finance in India and see its impact on startups. A green startup's success probability and importance are explained with specific case studies. By extracting the data from various published reports, it has been found that government initiatives are turning green by providing green finance, and Indian startups are exploiting this opportunity by the implementation of sustainable entrepreneurship. India has been on a path toward green project finance for some years now, and significant adjustments have been made to the country's financial sector to embrace ecologically friendly methods. Businesses are the economy's engine, and adopting sustainable business practices is critical for reaching carbon neutrality.","PeriodicalId":41466,"journal":{"name":"Green Finance","volume":null,"pages":null},"PeriodicalIF":5.5000,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"12","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Green Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3934/gf.2022012","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 12

Abstract

Development of the economy cannot be done at the cost of deterioration of ecology. Green finance is the most practical way of economic development and ecological development. To tackle the urgent challenges of climate change, several summits and conferences have adopted a sustainable development framework for their action plans. The 2030 Sustainable Development Goals (SDGs) are a unique collection of seventeen time-bound goals that strive to balance the three sustainability objectives of economic, social, and environmental sustainability. This research has been carried out to assess the present status of green finance in India and see its impact on startups. A green startup's success probability and importance are explained with specific case studies. By extracting the data from various published reports, it has been found that government initiatives are turning green by providing green finance, and Indian startups are exploiting this opportunity by the implementation of sustainable entrepreneurship. India has been on a path toward green project finance for some years now, and significant adjustments have been made to the country's financial sector to embrace ecologically friendly methods. Businesses are the economy's engine, and adopting sustainable business practices is critical for reaching carbon neutrality.

查看原文本刊更多论文

印度的绿色创业浪潮——绿色金融作为可持续创业支持体系的研究

经济的发展不能以生态的恶化为代价。绿色金融是经济发展和生态发展最切实可行的途径。为应对气候变化的紧迫挑战，若干首脑会议为其行动计划通过了可持续发展框架。2030年可持续发展目标(SDGs)是17个有时限目标的独特集合，旨在平衡经济、社会和环境可持续性这三个可持续发展目标。本研究旨在评估印度绿色金融的现状，并了解其对初创企业的影响。通过具体的案例分析说明了绿色创业公司的成功概率和重要性。通过从各种已发表的报告中提取数据，我们发现，通过提供绿色金融，政府的举措正在转向绿色，而印度的初创企业正在通过实施可持续创业来利用这一机会。多年来，印度一直在走向绿色项目融资的道路上，并对该国的金融部门进行了重大调整，以采用生态友好的方法。企业是经济的引擎，采用可持续的商业实践对实现碳中和至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Green Finance Multiple-

CiteScore

9.60

自引率

3.50%

发文量

审稿时长

6 weeks

期刊介绍： Green Finance is an international, interdisciplinary Open Access journal dedicated to green finance, environmental, and sustainability research and practice. It offers a platform for publishing original contributions and technical reviews on green finance and related topics, following a rigorous peer-review process. Accepted article types include original research, reviews, editorials, letters, and conference reports.