Current status and future prospects of green finance in SAARC nations Online publication date: Tue, 07-Jun-2022
by Prerana Sarma; Arup Roy
International Journal of Business Innovation and Research (IJBIR), Vol. 28, No. 2, 2022
Abstract: The study explores the current status of green finance in SAARC nations based on three vital components of green finance, namely green financial instruments, green finance legislations and source of funds for green finance. The popularity of the components is also measured among the nations. Additionally, the study explores the nature of researches conducted on green finance pertaining to the SAARC nations. The results highlight that 'green banking' is the most popular green financial instrument, and 'Green Climate Fund' is the most popular source of funds among the SAARC nations. A green finance scorecard is developed using equal weighted scoring approach. India, Bangladesh, and Pakistan hold the top three positions in green finance scorecard. Ten articles on green finance relating to SAARC nations in 18 different search portals could be found. The study recommends the future possibilities of including new components of green finance in each of the SAARC nations.
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