EVALUATION OF IFC RELATED GREEN FINANCE AND EFFECT ON REDUCED GREENHOUSE GAS EMISSIONS

Abstract

The significance of green finance cannot be overlooked in achieving an inclusive, sustainable and cleaner growth of economy by generating environmental benefits. It helps in increasing the supply of finance from the public, private and not-for-profit sectors for the growth of sustainable development aspects. UN Environment encourages in the alignment of the financial system of different countries to streamline the financial flows for the attainment of sustainable development goals for 2030. In the current study, green finance activities of International Finance Corporation have been evaluated to check if the same is helpful in controlling the global warming as decided upon in Paris agreement. In addition, the effect of issue of green finance on the reduction in greenhouse gas emissions have been analyzed and evaluated.