Green Financing: An Emerging Form of Sustainable Development in Bangladesh

Green financing is a term that refers to sustainable development projects and initiatives, environmentally friendly products and policies that encourage financial investment to stimulate more sustainable economy. This paper mainly determines the allocation of green financing to the various green projects by categorized banking and non banking sectors in Bangladesh. This study shows the trend of the refinancing project for the green products by the Bangladesh Bank. The research is based on the secondary data in the descriptive and analytical nature. This study observes that the Private Commercial Banks (80.4 percent) contribute more funds to the green project and the tendency to reinvest in green projects is increasing day by day. This study recommends in order stimulating the advancement of sustainable development in Bangladesh, it is important to review the policies related to green financing.