New analysis revealed in Enterprise Technique and the Atmosphere primarily based on data from G7 international locations demonstrates that inexperienced finance—loans, investments, and incentives that assist environmentally-friendly tasks and actions—can cut back carbon dioxide emissions. Additionally, information point out that investments in inexperienced tasks are worthwhile.
The examine discovered that G7 international locations’ environmental circumstances have been negatively impacted by financial improvement; nonetheless, there are benefits of inexperienced finance options for financial development.
The examine’s investigators be aware that corporations throughout numerous industries can contribute to environmental sustainability by proactively investing in inexperienced finance initiatives and renewable power.
“Companies must also ensure that their growth strategies incorporate environmental considerations to avoid exacerbating carbon dioxide emissions and climate change,” mentioned corresponding creator Kaliyan Mathiyazhagan, Ph.D., of the Thiagarajar Faculty of Administration, in India.
Extra data:
Rim El Khoury et al, The nexus of Inexperienced finance and renewable power on CO2 emissions, Enterprise Technique and the Atmosphere (2024). DOI: 10.1002/bse.3914
Quotation:
Can inexperienced finance successfully cut back carbon dioxide emissions whereas selling financial development? (2024, September 11)
retrieved 11 September 2024
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