GREEN FINANCE FOR SUSTAINABLE DEVELOPMENT: A THEORETICAL STUDY

Sustainable development, is concerned with meeting the needs of present and future generations by protecting their interests fully and separately without effecting each other. It ultimately reflects the common belief that there is a single earth to live, no one can be deprived of. The term “Green Finance” has come into existence to complement Sustainable Development by taking care of economic benefits along with environmental benefits. This paper attempts to demonstrate the theoretical aspect of these basic components with a broad description of their areas and applications to make it easier for the readers to get an enhanced idea about them. Taking into consideration the necessity of Green Finance in Sustainable Development process, some recommendations are also provided that may help to achieve the goal more conveniently. Better theoretical concepts in this arena through this paper can motivate researchers to conduct diversified research from different perspectives and angles; in short to open new doors for research