ASSESSING THE EFFECTIVENESS OF GREEN BANKING INITIATIVES IN PROMOTING SUSTAINABLE DEVELOPMENT: A COMPARATIVE ANALYSIS OF GREEN BANKING PRACTICES IN DEVELOPED AND DEVELOPING COUNTRIES

Abstract

This research study aimed at assess the effectiveness of green banking initiatives in promoting sustainable development through a comparative analysis of green banking practices in developed and developing countries. Through a comparison of green banking practices in established and developing nations, this research project seeks to determine how effective green banking programs are at fostering sustainable development. The significance of sustainable development has drawn considerable attention on a global scale, and the banking industry is essential in promoting sustainable practices through green banking programs. In order to assess and contrast the green banking practices of industrialized nations with their well-established frameworks and laws with those of developing nations where green banking initiatives are still in their infancy, the research completed use a comparative analysis technique. The study completed look at the main plans, laws, and methods that banks in both types of nations have used to encourage sustainable growth. A mixed-methods approach completed be used for the research, integrating qualitative and quantitative techniques. Literature review for qualitative and surveys with bankers in the subject of green banking completed be used to gather quantitative data. The data was analyzed through comparative analysis and statistical measures of descriptive and correlation. The results show that green banking effect the sustainable development of nations.