As per Jeffrey D.Sachs et.al., to achieve financially green growth, research has to be done continuously by the Intergovernmental Panel on Climate Change whereby the relationship between human activities and climate change can be examined to prove that the current and potential climate change is a result of anthropogenic activities.
In greenhouse gases (GHGs), carbon and methane are the two main drivers of climate change. A variety of economic losses can be predicted by climate change.
Well, now the focus is on how economic development can be achieved. First is by carbon emissions where green growth policy can be put more attention. By review, the details of Stern (2006), the economics of climate change, the impact of climate change can be understood.
UNPRI (United Nations Principles for Responsible Investing) guidelines can help you to better understand the environmental, social, and governance factors for general investment principles.
Green climate economics and finance are two major disciplines where he urged worldwide that climate change economics is important and urged the policy-makers to rightfully act now. As per Shen, if necessary, steps are not taken to mitigate Green emissions gases then within 20 years, there is a possibility of shrinking the global economy by around 20%.
So, for the developing countries and to support financially, a green growth policy is needed.
Source:- Handbook of Green Finance by Jeffrey D.Sachs et.al.