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Can green finance effectively reduce carbon dioxide emissions while promoting economic growth?

2024-09-11
(Press-News.org) New research published in Business Strategy and the Environment based on information from G7 countries demonstrates that green finance—loans, investments, and incentives that support environmentally-friendly projects and activities—can reduce carbon dioxide emissions. Also, data indicate that investments in green projects are profitable.

The study found that G7 countries' environmental conditions have been negatively impacted by economic development; however, there are advantages of green finance solutions for economic growth.

The study’s investigators note that companies across various industries can contribute to environmental sustainability by proactively investing in green finance initiatives and renewable energy.

“Companies must also ensure that their growth strategies incorporate environmental considerations to avoid exacerbating carbon dioxide emissions and climate change,” said corresponding author Kaliyan Mathiyazhagan, PhD, of the Thiagarajar School of Management, in India.

URL upon publication: https://onlinelibrary.wiley.com/doi/10.1002/bse.3914

 

Additional Information
NOTE: The information contained in this release is protected by copyright. Please include journal attribution in all coverage. For more information or to obtain a PDF of any study, please contact: Sara Henning-Stout, newsroom@wiley.com.

About the Journal
Business Strategy and the Environment is a leading sustainable business journal aiming to advance the understanding of green business strategies for improving the natural environment. Covering topics including corporate environmental management, eco-innovation, green finance, and the circular economy, the journal welcomes contributions which examine the role of environmental regulation and policy in the business sector.

About Wiley
Wiley is a knowledge company and a global leader in research, publishing, and knowledge solutions. Dedicated to the creation and application of knowledge, Wiley serves the world’s researchers, learners, innovators, and leaders, helping them achieve their goals and solve the world's most important challenges. For more than two centuries, Wiley has been delivering on its timeless mission to unlock human potential. Visit us at Wiley.com. Follow us on Facebook, X, LinkedIn and Instagram.

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[Press-News.org] Can green finance effectively reduce carbon dioxide emissions while promoting economic growth?