PROSPECTS FOR ACCELERATING GREEN FINANCE IN THE BANKING SECTOR

The transition to a green economy has intensified the role of green finance in shaping sustainable development, particularly within the banking sector. This paper explores the prospects for accelerating green finance in commercial banks, focusing on emerging trends, policy initiatives, and institutional reforms that drive environmental responsibility in financial operations. By analyzing international best practices and the current status of green finance adoption in banks, the study identifies both the challenges and opportunities associated with scaling up green lending. It also evaluates the role of regulatory frameworks, public-private partnerships, and innovative financial instruments in promoting sustainable investment. The paper concludes with policy recommendations aimed at strengthening green finance ecosystems in the banking sector, especially in developing economies.