GREEN INVESTMENT: A STRATEGY FOR SUSTAINABLE ECONOMIC GROWTH AND INVESTMENT

https://doi.org/10.24057/2414-9179-2014-1-20-25-36

View or download the article (Rus)

About the Authors

Jaya Shukla

Kigali Institute of Management Kigali, Rwanda
Rwanda

Gaurav Bajpai

KIST, Kigali, Rwanda
Rwanda

Abstract

Sustainable economic development has become an important area of concern due to climatic change with its long term effects. Climatic change has posed several challenges for economic sustainability of economies. Now major development projects have to comply with international environmental norms. Failure to do so may result in the delay of a project, fines including penalties for environmental damage or charges for remedial action, that affect the viability of a project or the value of any security taken. This paper investigates with help of secondary date using descriptive statistical technique opportunities and challenges of green investment. Here it is developed into suitable model for developing economies for successfully adopting green investment without much cost to their economies. The paper concludes that green investment involving direct investment and portfolio investment in firms adopting and following environmental protection norms will lead to sustainable growth and investment for economy.

Keywords

Green Investment, Sustainable investment.

For citation: Shukla J., Bajpai G. GREEN INVESTMENT: A STRATEGY FOR SUSTAINABLE ECONOMIC GROWTH AND INVESTMENT. Proceedings of the International conference “InterCarto. InterGIS”. 2014;20:357.