A wave of green start-ups in India—The study of green finance as a support system for sustainable entrepreneurship

Abstract

<abstract> <p>Development of the economy cannot be done at the cost of deterioration of ecology. Green finance is the most practical way of economic development and ecological development. To tackle the urgent challenges of climate change, several summits and conferences have adopted a sustainable development framework for their action plans. The 2030 Sustainable Development Goals (SDGs) are a unique collection of seventeen time-bound goals that strive to balance the three sustainability objectives of economic, social, and environmental sustainability. This research has been carried out to assess the present status of green finance in India and see its impact on startups. A green startup's success probability and importance are explained with specific case studies. By extracting the data from various published reports, it has been found that government initiatives are turning green by providing green finance, and Indian startups are exploiting this opportunity by the implementation of sustainable entrepreneurship. India has been on a path toward green project finance for some years now, and significant adjustments have been made to the country's financial sector to embrace ecologically friendly methods. Businesses are the economy's engine, and adopting sustainable business practices is critical for reaching carbon neutrality.</p> </abstract>

The Effectiveness of Carbon Pricing Mechanism in Steering Financial Flows Toward Sustainable Projects

“…Implementing effective communication techniques and policy interventions can enhance the influence of awareness and perception on the direction of financial resources towards sustainable projects [26]. Research has shown that effectively planned climate change communication campaigns [27] and government policies (e.g., subsidies for renewable energy) can increase public knowledge and understanding, leading to increased expenditures in sustainable projects [28].…”

How does multidimensional R&D investment affect green innovation? Evidence from China

“…In the research of related fields, scholars mostly focus on pollution permits systems (Ren et al, 2022a , b ) and corporate social responsibility disclosure (Hong et al, 2020 ), and financial resource allocation (Jia et al, 2021 ; Su et al, 2021 ; Bhatnagar et al, 2022 ; Khan et al, 2022 ), environmental regulation (Xu et al, 2022 ), financial technology (Yao et al, 2021 ), and other perspectives have studied the influencing factors of green innovation. Few scholars have paid attention to the institutional environment and green innovation capability of R&D investment.…”

India’s Total Natural Resource Rents (NRR) and GDP: An Augmented Autoregressive Distributed Lag (ARDL) Bound Test

“…In recent years, after the introduction of the Sustainable Development Goals (SDG) in 2015, several governments have prioritized environmental challenges such as air pollution, poor sanitation, and significant damage to natural resource rents (OECD 2011) and forest reserves (Pereira-Romeiro et al 2021). Governments are also focusing on green finance to solve environmental issues (Bhatnagar et al 2022b). Human health and economic well-being are jeopardized by poor environmental conditions (Tallis et al 2008).…”