In what ways does Green Finance support sustainable development?
- ABy facilitating the growth of industries known for high carbon emissions
- BBy encouraging the exploitation of natural resources without regard for environmental impact
- CBy funding fossil fuel projects
- DBy providing financial resources for environmentally friendly projects
Solution & Step-by-step Explanation
Green finance refers to any structured financial activity—such as banking, micro-finance, insurance, and investment—that has been created to ensure a better environmental outcome. It supports sustainable development specifically by channeling financial resources towards eco-friendly, low-carbon, and resource-efficient projects, such as renewable energy, waste management, and biodiversity conservation, while discouraging investment in highly polluting sectors.