Revisiting the Current Status of Green Finance and Sustainable Finance Disbursement: A Policy Insights

The paradigm of green finance is currently in the developmental stage in Bangladesh; however, it has drawn enormous interest in the global financial sector. Recently, researchers, academics, policymakers, and both the supply-side and demand-side of these funds are more serious in Green Finance and S...

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Bibliographic Details
Published in:Sustainability 2022-07, Vol.14 (14), p.8911
Main Authors: Azad, Mohammad Abul Kalam, Islam, Md. Aminul, Sobhani, Farid Ahammad, Hassan, Md. Sharif, Masukujjaman, Mohammad
Format: Article
Language:English
Subjects:
Banking
Carbon
Climate change
Consumer organizations
Economic development
Economic growth
Energy efficiency
Environmental quality
International finance
Literature reviews
Renewable resources
Society
Sustainability
Sustainable development
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Summary:The paradigm of green finance is currently in the developmental stage in Bangladesh; however, it has drawn enormous interest in the global financial sector. Recently, researchers, academics, policymakers, and both the supply-side and demand-side of these funds are more serious in Green Finance and Sustainable Finance than ever before. In creating a greener economy, market players need to focus on sustainable development. All banks and NBFIs have to disburse the funded loan greater than or equal to 5% in green finance and 20% in sustainable finance according to BB policy guidelines. This paper examines the recent target accomplishment scenario of green finance and sustainable finance through banks and NBFIs in Bangladesh for the year of 2021 (four quarters). This study also observes the highest and lowest contributors in both schemes and is descriptive in nature. Data has been collected from secondary sources. According to the findings of this study, Bangladesh’s central bank has made significant accomplishments in the effort to green the country’s financial system by implementing several green policies and regulatory measures. This study also indicates the total target achievements of banks and NBFIs were 3.16% of 5% in the green finance of total loan disbursement and 9.32% of 20% in sustainable finance, which is still far behind the SDGs’ goal that must be achieved by 2030. The intention of this research is to encourage the supply and demand sides of the fund and to capitalize more on future research directions. Independent experts in this field are needed to confirm the findings of any further research.
ISSN:2071-1050
2071-1050
DOI:10.3390/su14148911