It is not possible to separate our environment from society but a better environment can be provided to the society to support the delivery of United Nation’s Sustainable Development Goals through the help of Green Finance by financial institutions.
Green finance is a type of financial loan that provides with additional benefits for the user for sustainable development investments in the economy such as reduction of air, land, water pollution and greenhouse gas emissions, improve energy efficiency by utilizing maximum use of natural resources, biodiversity protection, minimizing the waste and protect the environment and society as a whole.
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In terms of handling environmental issues or to invest in projects that protects the environment - a sustainable financial system is essential which is known as “Green Finance’.
Financial institutions are making arrangements to protect the environment in vast area from pollution, greenhouse gas, emissions and biodiversity with the help of Green Finance. A strategic approach to meet the challenges of climate changes into low-carbon world; Green Finance is the most sustainable process to enhance and sustain the natural environment.
Green finance is rapidly growing and presents significant commercial opportunities for financial service organizations globally. UN Environment has been working closely with countries, financial regulators and financial sector to align financial systems towards the 2030 UN sustainable development goals.
Although the majority of Green Finance will come from the private sector but the government can support innovation on the supply side by increasing their direct budget allocations, which can provide flexibility for funding priority green programs and mainstreaming green innovation with current development programs. Finance is the engine of development of infrastructure projects, including energy projects. If we want to achieve sustainable development goals, we need to open a new file for green projects and scale up the financing of investments that provides environmental benefits, through new financial instruments and new policies, such as green bonds, green banks, carbon market instruments, fiscal policy, green central banking, financial technologies, community-based green funds, etc., which are collectively known as “Green Finance”.
A strategy that promotes Green Finance can address many of the above environmental problems and help corporate.
Lucky Recycling; since 1973 is contributing in building a greener society by accepting wide range of scrap metals for your disposal to protect the environment and enhance the awareness among society as their social responsibility in helping and shaping the low-carbon sustainable world.