Title: Green financing for sustainability: analysing the trends with challenges and prospects in the context of Bangladesh

Authors: Md. Harun Ur Rashid; Mohammad Main Uddin

Addresses: Department of Economics & Banking, International Islamic University Chittagong (IIUC), Kumira, Chittagong 4318, Bangladesh ' Department of Accounting and Information Systems, University of Rajshahi, Rajshahi 6205, Bangladesh

Abstract: This study aims to investigate the contributions of banks and non-bank financial institutions through green financing in the overall economy of Bangladesh. This paper also tries to bring out the challenges and prospects of banks and financial institutions (FIs) in green financing. The study has been conducted based on secondary data consisting of previous literature reviews, published reports of different banks and financial institutions including Bangladesh Bank's annual reports and published documents of international organisations relating to environmental sustainability. This study shows that though the trends of green financing are growing, comparing to total loan disbursed, it is still below the standard set by Bangladesh Bank. This study provides a valuable insight to the banks as well as policymakers to attain a greater legitimacy and a policy review based on guidelines and recommendations on green financing to urge rapid progress in greening the environment as well as the overall economy for sustainability.

Keywords: green financing; sustainability; NBFIs; bank and non-bank financial institutions; challenges; prospects; Bangladesh.

DOI: 10.1504/IJGE.2018.097876

International Journal of Green Economics, 2018 Vol.12 No.3/4, pp.192 - 208

Received: 17 May 2018
Accepted: 24 Nov 2018
Published online: 20 Feb 2019 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article