Public Finance and Environmental Sustainability: Investing in Green Initiatives for Future Generations

Abstract

Public Finance and Environmental Sustainability, there is a significant correlation between them as proper financial management of green policies, it is very important in the achievement of the desired sustainable future of any nation. Budgeting, which is a part of public finance, means the control of government’s revenue, expenditure, and debt and plays a significant role in the development of economic stability. Mainstreaming environmental considerations in public finance is now becoming a policy imperative especially given concerns such as climate change and encanient depletion. Laying down the policies and strategies of Green Economy and analysing them from economic and environmental point of view the old review looks into different sectors like renewable energy, energy efficiency, and sustainable transport among others. Government funding, tax credits/subsidies, green bonds, and public–private partnerships are reviewed as public finance instruments in relation to such endeavours. The review also features Denmark and Singapore’s case studies, explaining successful green projects and their experience. It also takes into consideration, problems of inadequate funds, political and economic barriers, problems of measurement, and perception problems. It also gestures toward future directions, highlighting newer trends in green finance and policy, that is, identifying the ways in which green finance and policy can be taken forward in the future, possible innovations and growth, implying that the processes of sustainable development often involve a varied or complex element of continued and rigorous financial planning and technological research along with the cooperative action from numerous stakeholders.