ADOPTION OF GREEN FINANCING STRATEGIES WITH RENEWABLE ENERGY RESOURCES FOR GLOBAL ECONOMIC GROWTH

IF 1 Q3 ECONOMICS

Global Economy Journal Pub Date : 2023-04-27 DOI:10.1142/s2194565923500045

Gopi Selvapandian, Praveen Paul Jeyapaul, Balamurugan Gunabalan

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Abstract

Green financing is an emergent technology in recent days that supports the nature of environment with reduced carbon emissions. Also, the renewable energy sources or green resources are the most suitable options for improving the economic growth and sustainability of environment. Recently, many industrial organizations over the world were able to provide support to the deployment of green energy projects because it is less harmful to the environment and increases the financial development of country. Therefore, this paper objects to analyze the major effects of green financial strategies for developing the green energy projects. Moreover, it discussed about the recent trends of adopting green projects for ensuring the sustainability of environment with increased energy utilization. In addition to that, it examines various challenges and risks that are associated to the deployment of green financing strategy. The long-term financing, associated risks in project development, minimized return values, and lack of capacity are the major risks of green financing management systems. According to the recent reports, it is stated that the government sectors have an increased responsibility for funding the green projects to support the environment nature. Nevertheless, some of the public and private sectors in different countries are motivating the green energy projects by providing the financial support to the short-term and medium-term organizations for ensuring the sustainability of environment.

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采用可再生能源绿色融资战略促进全球经济增长

绿色金融是近年来兴起的一项新兴技术，它通过减少碳排放来支持环境的本质。此外，可再生能源或绿色资源是提高经济增长和环境可持续性的最合适的选择。最近，由于绿色能源项目对环境的危害较小，并增加了国家的财政发展，世界上许多工业组织都能够为绿色能源项目的部署提供支持。因此，本文旨在分析绿色金融战略对发展绿色能源项目的主要作用。此外，它还讨论了最近采用绿色项目的趋势，以确保环境的可持续性，提高能源利用。此外，报告还探讨了与实施绿色融资战略相关的各种挑战和风险。长期融资、项目开发相关风险、回报价值最小化和能力不足是绿色融资管理体系的主要风险。根据最近的报告，政府部门有越来越多的责任资助绿色项目来支持自然环境。然而，不同国家的一些公共和私营部门正在通过向短期和中期组织提供资金支持来推动绿色能源项目，以确保环境的可持续性。

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来源期刊

Global Economy Journal ECONOMICS-

CiteScore

1.60

自引率

14.30%

发文量

期刊介绍： The GEJ seeks to publish original and innovative research, as well as novel analysis, relating to the global economy. While its main emphasis is economic, the GEJ is a multi-disciplinary journal. The GEJ''s contents mirror the diverse interests and approaches of scholars involved with the international dimensions of business, economics, finance, history, law, marketing, management, political science, and related areas. The GEJ also welcomes scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations. One over-arching theme that unites IT&FA members and gives focus to this journal is the complex globalization process, involving flows of goods and services, money, people, and information.