Track: Business Management

Abstract

Green finance is one form of transformation system on the basis of the two-way relations between the environment and finance and investment. In term of green, the whole humans' activities should be considering the environment-friendly projects and efficient use of resources. In line with the 2030 plan, the financial and related financial activities, including investment, must be shifted from carbon and intensive resources to sustainable finance. It means that green finance is closely connected to the economy in nature. Today, the world economy is facing the global economic challenges, i.e. sustainable green finance, because it requires adequate funding. Of these, the government agencies and financial institutions must provide the funding to support sustainable green finance implementation. The present paper seeks to provide an understanding of the sustainable green finance literature that has collected from the various relevant sources. This study designed using a qualitative approach through review literature. Reviews on green and sustainable finance were conducted by reading and analysing 30 peer-reviewed journal articles and summarised in two tables, namely article journal and publisher distribution and article category on the basis of the subject. This study's findings are that the government should maintain economic stability by considering environmental problems and climate change. The transformation system of sustainable green finance is categorised as the high level of complexity and uncertainty. There are several obstacles in implementing a green financial system, such as government readiness to increase the country's resilience to unstable social and economic conditions and changing a paradigm of business actors to focus on green financing. In conclusion, this study found that the government plays a crucial role in ensuring green finance in entirely business sectors (industry and non-industry) and accelerating the transition period by creating conducive economic conditions.

Keywords

Sustainable green finance, environmental improvement and a mini-review approach