Green Finance: Perspectives in Sustainable Finance Instruments and ESG Activities

It is clear that the rapid expansion of the post-World War two economy, financed through Bretton Wood Institutions is not a model path. The role of financial institutions is increasingly being recognised in this domain as a way to redeem the perceived environmental disregard. The development agenda received a critical rethinking as it became clear by the late 1980s that the pre-existing models of industrialisation prescribed to the ‘developing-world’ meant deep neglect of the environment. In order to go ahead with attaining the 2030 Sustainable Development Goals (SDGs), there is a major push required for green projects. Green bonds can unleash the power that the financial sector holds, as it will bestow a strong motivation upon banks and investors to move the capital from dirty industries to cleaner ones