DefinePK

Abstract

The present study was conducted by checking the effect of green finance on the environmental sustainability. India, Pakistan and Bangladesh were the sample of the study. Due to the limitation in the authorized data sources, by purposive sampling technique, the study is conducted in India, Pakistan and Bangladesh. All the data of the sample variables were collected from International authentic sources i.e. World Bank and IRENA (International Renewable Energy Agency). The data of the variables for Pakistan, India and Bangladesh were collected from 2000 to 2023. The findings of Hausman test for overall results show that fixed effect model is appropriate. The results of fixed effect model show that green finance, green technology and energy consumption has significant effect on environmental sustainability, Governments must also promote green finance as an investment and financing option to help decrease the pollution. The policies and their efficient implementation at country level by respective governments could be the first step that can bring change towards the global cause of environmental degradation.
 
Key words: Green finance, environmental sustainability, finance, policies