An Imperative on Green Financing in the Perspective of Nepal

Abstract

Purpose: The social imperative of Green Financing is most for saving the future. This imperative assessment focuses mostly on a new and innovative financial concept that is green financing, which is now functioning as one of the most important strategies to attain economic stability together with overall sustainable growth.

Design/Methodology/Approach: The research is descriptive in nature to analyze the future prospects of global financing in reference to Nepal. Literature based review dominated conceptual research is exploratory in nature. The key informants were consulted personally. On the basis of advantages, disadvantages, status, and actions required the professionals' opinions were documented using steps recommended by grounded theory. The Focus Group Discussion among professionals other than key informants was also done after collecting data personally on the same agendas for validation of research. It is furthermore illustrated with help of Ecotourism case analysis.  It could be said partial ABCD based discussion and content analysis accumulated the research.

Findings/Result: Globalization is having an increasingly negative impact on the environment, it is no longer an option for industries all over the globe to achieve overall green growth by adopting various green initiatives that allow them to achieve a climate-resilient future through both environmentalism and capitalism at the same time; rather, it is now a necessity rather than an option for them to do so. the function and relevance of green financing in not just one sector but for all other industries, which can embrace this concept in one way or another for the purpose of achieving total green growth has been illustrated. Despite the fact that green financing is currently a niche concept, the application finds to be highly beneficial.

Originality/Value: Both relevant and practical aspects for future financing in the form of green financing have been recognized within a broader context to create an appeal and awareness on an academic platform.

Paper Type: Research paper