Impediments of green finance adoption system: linking economy and environment

Detalhes bibliográficos
Autor(a) principal: Khan, Kanwal Iqbal
Data de Publicação: 2022
Outros Autores: Mata, Mário Nuno, Moleiro Martins, José, Nasir, Dr. Adeel, Dantas, Rui, Batista, Anabela, Saghir, Mahr Umar
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.21/15503
Resumo: Artigo publicado em revista científica internacional
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spelling Impediments of green finance adoption system: linking economy and environmentArtigo publicado em revista científica internacionalEnvironmental deregulation has become a severe concern for public health around the world. Increased pollution and ecological degradation have diverted attention towards adopting green practices, which can be possible if the sustainable green finance system is implemented in its true spirit. But previous studies reported certain factors affecting its implementation process, particularly in developing countries. This study aims to identify and quantify the barriers to adopting a green finance system. First, it identified twenty barriers through an extensive literature review and semi-structured interviews with experts in the fields of financial management, economics, and environmental sciences. Later, eighteen factors were finalized by the consensus of panel experts, which was further used to analyze their interrelationship through Interpretive Structural Modelling (ISM). Using MICMAC analysis, these barriers were categorized based on their diving-dependence powers. Finally, the conceptual ISM model is developed that provides a clear picture of the impediments to the green finance adoption system and their flow relationship among the identified barriers at different levels. The findings suggest that global level factors: lack of pressure from international organizations and unavailability of globally acceptable green criteria are critical to the prevalence of other factors that indicate its centrality to effectively implementing the green finance system. The developed model helps in designing, implementing, and promoting eco-friendly projects. It is also recommended that an appropriate framework is required to be developed at global, country, organizational, and individual levels to deal with the barriers of the green finance adoption system.Ital PublicationRCIPLKhan, Kanwal IqbalMata, Mário NunoMoleiro Martins, JoséNasir, Dr. AdeelDantas, RuiBatista, AnabelaSaghir, Mahr Umar2023-02-08T12:48:24Z2022-042022-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.21/15503engKhan, K. I., Mata; M. N., Martins, J. M., Nasir, A., Dantas, R. M., Correia, A., & Saghir, M. U. (2022). Impediments of Green Finance Adoption System: Linking Economy and Environment. Emerging Science Journal 6(2), 217-237. DOI: http://dx.doi.org/10.28991/ESJ-2022-06-02-02DOI: http://dx.doi.org/10.28991/ESJ-2022-06-02-02info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-08-03T10:13:07Zoai:repositorio.ipl.pt:10400.21/15503Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:23:09.845824Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Impediments of green finance adoption system: linking economy and environment
title Impediments of green finance adoption system: linking economy and environment
spellingShingle Impediments of green finance adoption system: linking economy and environment
Khan, Kanwal Iqbal
title_short Impediments of green finance adoption system: linking economy and environment
title_full Impediments of green finance adoption system: linking economy and environment
title_fullStr Impediments of green finance adoption system: linking economy and environment
title_full_unstemmed Impediments of green finance adoption system: linking economy and environment
title_sort Impediments of green finance adoption system: linking economy and environment
author Khan, Kanwal Iqbal
author_facet Khan, Kanwal Iqbal
Mata, Mário Nuno
Moleiro Martins, José
Nasir, Dr. Adeel
Dantas, Rui
Batista, Anabela
Saghir, Mahr Umar
author_role author
author2 Mata, Mário Nuno
Moleiro Martins, José
Nasir, Dr. Adeel
Dantas, Rui
Batista, Anabela
Saghir, Mahr Umar
author2_role author
author
author
author
author
author
dc.contributor.none.fl_str_mv RCIPL
dc.contributor.author.fl_str_mv Khan, Kanwal Iqbal
Mata, Mário Nuno
Moleiro Martins, José
Nasir, Dr. Adeel
Dantas, Rui
Batista, Anabela
Saghir, Mahr Umar
description Artigo publicado em revista científica internacional
publishDate 2022
dc.date.none.fl_str_mv 2022-04
2022-04-01T00:00:00Z
2023-02-08T12:48:24Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.21/15503
url http://hdl.handle.net/10400.21/15503
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Khan, K. I., Mata; M. N., Martins, J. M., Nasir, A., Dantas, R. M., Correia, A., & Saghir, M. U. (2022). Impediments of Green Finance Adoption System: Linking Economy and Environment. Emerging Science Journal 6(2), 217-237. DOI: http://dx.doi.org/10.28991/ESJ-2022-06-02-02
DOI: http://dx.doi.org/10.28991/ESJ-2022-06-02-02
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