Green Finance and Sustainable Development in Pakistan: A Thematic-Synthesis

Abstract

Promoting sustainable efforts and initiatives that support the environment is essential, as it meets the Sustainable Development Goals (SDGs) set forth by the United Nations. In order to achieve sustainable development in Pakistan, green financing plays an essential role, managing environmental hazards well and looking for possibilities that minimize adverse effects on the environment and society while yet yielding a respectable rate of return. The green finance for sustainable development is an emerging concept in Pakistan. We conducted a thematic synthesis of published research studies discovered in the literature. The goal of this study is to gain a knowledge of the elements related to green financing and sustainable development in Pakistan. We identified key themes like “National Green Finance Strategy” "Green Guidelines of State Bank of Pakistan" Green Financial Instruments (GFIs), "Green Banking Strategy (GBS)" which are important tools for green finance and sustainable development.