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Finance & Economics Tracks > Track 8: Green Finance, Energy Finance and Sustainable Accounting & FinanceTrack Chairs:
Green/Sustainable/Energy finance & accounting is now more vital than ever. Its goal is to use environmental, social, and governance (ESG) principles when making financial choices and constructing financial services, therefore benefiting society as a whole rather than just investors. Academics and practitioners are debating the importance of green/sustainable/energy finance, which extends beyond finance's fundamental purpose of supporting the economy. Green finance is now more vital than ever. Since green financing receives widespread interest from financial markets, political players, and the general public. Its goal is to use environmental, social, and governance (ESG) principles when making financial choices and constructing financial services, therefore benefiting society as a whole rather than just investors. Academics and practitioners are debating the importance of green finance, which extends beyond finance's fundamental purpose of supporting the economy. Recognizing the importance of non-financial concerns, the investing world has noticed a change in emphasis from shareholder values to stakeholder values. Extra-financial considerations must be included in financial decision-making processes in financial markets, corporate finance, and corporate governance. Many concerns are still unsettled, and many questions remain unanswered: How to deploy money best in terms of financial and non-financial performance, how to finance the economy and meet a range of stakeholders (firms, investors, and society) interests from a broader perspective? What are the implications of fund allocation for risk management for firms and investors? What role do policymakers play in the development of green finance? When it comes to green finance, it refers to the allocation of private and public capital to initiatives that not only prevent environmental degradation and related consequences such as climate change and air pollution but also generate a wide range of social benefits and adequate financial returns for investors. As a result, green finance incorporates several cross-cutting ideas. Green finance is significant because it encourages and supports the flow of financial instruments and related services toward the creation and execution of long-term business models, investments, trade, economic, environmental, and social initiatives and policies. The internalisation of environmental externalities and the reduction of risk perceptions are the two primary aims of green finance. Transparency and long-term planning are encouraged by green finance, which incorporates all of the Sustainable Development Goals (SDGs) when making investments that benefit the environment (SDGs). Eco-friendly finance encompasses a wide range of financial goods and services, which may be broken down into three broad categories: investing, banking, and insurance. In green finance, debt and equity are the most common financial vehicles. New financial products, such as green bonds and carbon market instruments, as well as new financial organisations, such as green banks and green funds, have been developed to fulfil the increasing demand. There is still a lot of interest in renewable energy investments, sustainable infrastructure funding, and green bonds. We are expecting the topics from several expects i.e.:
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