India’s Footing in Green Finance in Comparison to other Leading Economies of the World

India’s Footing in Green Finance in Comparison to other Leading Economies of the World

Komal Chaudhary, Dr. Vinita Mittal

(Research Scholar, Assistant Professor)

Acharya Vishnu Gupt Subharti College of Management and Commerce

Swami Vivekanand Subharti University, Meerut, India

Abstract

In the contemporary world, as development is surging in terms of planning and literal efforts, the climate has become a leading issue, leading to the environmental standards being compromised. This requisites to take recompense steps by countries not just domestically but at the global level. Green finance gained prominence to tackle the prevalent issue. The paper pertains to a comparison of India with other top world economies up to rank eight, that are the U.S., China, Japan, Germany, U.K., France and Canada, with a special focus on their carbon emission curtailment goals and the issue of green bonds.

Keywords:  Carbon emissions, climate, economies, green bonds, green finance.