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Title:
GREEN STIMULUS: DRIVING PUBLIC INVESTMENTS TOWARDS A SUSTAINABLE FUTURE FOR ALL

Authors:
Pravansh Mohan

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Pravansh Mohan
The British School

MLA 8
Mohan, Pravansh. "GREEN STIMULUS: DRIVING PUBLIC INVESTMENTS TOWARDS A SUSTAINABLE FUTURE FOR ALL." Int. j. of Social Science and Economic Research, vol. 6, no. 12, Dec. 2021, pp. 4837-4843, doi.org/10.46609/IJSSER.2021.v06i11.025. Accessed Dec. 2021.
APA 6
Mohan, P. (2021, December). GREEN STIMULUS: DRIVING PUBLIC INVESTMENTS TOWARDS A SUSTAINABLE FUTURE FOR ALL. Int. j. of Social Science and Economic Research, 6(12), 4837-4843. Retrieved from doi.org/10.46609/IJSSER.2021.v06i11.025
Chicago
Mohan, Pravansh. "GREEN STIMULUS: DRIVING PUBLIC INVESTMENTS TOWARDS A SUSTAINABLE FUTURE FOR ALL." Int. j. of Social Science and Economic Research 6, no. 12 (December 2021), 4837-4843. Accessed December, 2021. doi.org/10.46609/IJSSER.2021.v06i11.025.

References

[1]. Aggarwal, M, (2020), 'India needs massive increase in green finance for required climate action', Mongabay, https://india.mongabay.com/2020/09/india-needs-massive-increase-in-green-finance-for-required-climate-action/
[2]. Bajaj, S, and Jha, RK, (2021), 'Green bonds and greener environment: Are they linked?', Down to Earth, https://www.downtoearth.org.in/blog/environment/green-bonds-and-greener-environment-are-they-linked--75796
[3]. CPI, (2020), 'Landscape of Green Finance in India', https://www.climatepolicyinitiative.org/wp-content/uploads/2020/09/Landscape-of-Green-Finance-in-India.pdf
[4]. D'Souza, R, (2020), 'Impact Investments in India: Towards Sustainable Development', ORF, https://www.orfonline.org/research/impact-investments-in-india-towards-sustainable-development-68378/
[5]. IMF, (2021), 'G20 Note On Environmentally Sustainable Investment For The Recovery', http://www.imf.org/external/pp/ppindex.aspx
[6]. International Finance Corporation, (2013), 'Mobilizing Public and Private Funds for Inclusive Green Growth Investment in Developing Countries', G20 Development Working Group, https://www.ifc.org/wps/wcm/connect/cd09b0b9-8834-450e-9828-81fa95af522f/SUMMARY+-+Mobilizing+Public+and+Private+Finance+for+Inclusive+Green+Growth+Investment+in+Developing+Countries.pdf?MOD=AJPERES&CVID=kfw5uQT
[7]. Invest India, (n.d), 'Facilitating Investments into Sustainable Development Goals', https://www.investindia.gov.in/invest-india-sustainability-framework
[8]. Jaganmohan, M, (2021), 'Global Climate Change- statistics and facts', Statista, https://www.statista.com/topics/1148/global-climate-change/#topicHeader__wrapper
[9]. Mazzucato, M, et al (2020), 'Public investments in a green recovery from COVID-19: What steps can Canada take?', Green Policy Platform, https://www.greengrowthknowledge.org/blog/public-investments-green-recovery-covid-19-what-steps-can-canada-take
[10]. Sinha, J and Chandra, T, (2020), 'Getting to the Green Frontier Faster: The Case for a Green Frontier SuperFund', ORF, https://www.orfonline.org/research/the-case-for-a-green-frontier-superfund/
[11]. UNEP (n.d), 'Facilitating green Investment and Financing', https://www.unep.org/explore-topics/green-economy/what-we-do/economic-and-fiscal-policy/fiscal-policy/policy-analysis-0
[12]. UNEP, (n.d), 'Green Financing', https://www.unep.org/regions/asia-and-pacific/regional-initiatives/supporting-resource-efficiency/green-financing

Abstract:
There has been a renewed vigour for governments across the world to drive public investments towards a path of economic recovery that is sustainable and tackles the looming effects of climate change. Research shows that public investments have a large potential for financing green initiatives and provide incentives across the value chain. In countries like India and other developing countries, public investment has proven to be successful in encouraging sustainable development and conservation of resources, as well as increasing the use of green technologies and renewable energy. However, there are limitations to the extent that public financing can achieve the sustainable goals that are required for lasting social, economic, and environmental impact. This paper examines the benefits of public investment and adopts a critical approach to examine the pitfalls that currently exist within the system of green financing. This paper further explores opportunities for multi sectoral collaboration, and advocates for the creation of a holistic investment environment. The paper poses policy recommendations for future research in the field, emphasizing the need for better data collection, creation of targeted budgets, and capacity building to improve efficiencies.

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