Published 2021-09-19
Abstract
Climate is the witness for several development activities on this earth. There were several acquainted eyewitnesses for how the climate has reasons for the Growing and diminution of the economy in different nations. Natural disasters are responsible for extensively greater socioeconomic losses than is generally recognized. With the unexpected climate disastrous has reasons for the uncontained living conditions of the human beings as well as economic unpredictability. Last few decades the UNO and the policy makers have understood and tried to bring the sustainable living conditions of the people along with economic stability. Aligning economic growth with sustainable development is a universal challenge. Important aspects of green finance are sustainable investment and banking, where investment and lending decisions are taken based on environmental screening and risk assessment to meet sustainability standards, as well as insurance services that cover environmental and climate risk. To achieve environmental sustainability, the UNO has given high priority to the restoration of the environment and its development for the future generations with the different innovative programmes and financial explorations with the help of the IMF, World Bank, IFC, etc. In this juncture the present paper explores how finance is needed for the establishment of sustainable development.