Green Finance is where financial activities support the environment, which leads to better environmental outcomes. This includes the purchasing and the selling of eco-friendly products and services, buying or leasing an electric vehicle, making your home more eco-friendly, as well as building new infrastructure that has little effect on the environment.
By next year (2023), the global market worth for green bonds could reach $2.36 trillion. Green loans, investments and strategies to manage debt, from businesses and banks, will help to reduce climate changes effects on our planet. As this money will be used to fund environmentally friendly projects.
Green projects that are funded by green finance include those that reduce the pollution of our air, land and water. Other projects include increasing renewable energy infrastructure, conserving our biodiversity, and using natural resources sustainably. Green finance can also create initiatives to help create a sustainable circular economy within the industry sector or a company.
