International Journal For Multidisciplinary Research

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Role of Green finance and green technology innovation in achieving sustainable development goals

Author(s) Mr. Rupam Dhani, Mr. Rohit Mandal, Mr. Pranay Mandal, Ms. Shreya Dutta
Country India
Abstract This paper examines the synergetic connection between green finance (GF) and green technology innovation (GTI) in support of the achievement of the United Nations Sustainable Development Goals (SDGs) with a special focus on India. GF implies the investment of financial capital with the purpose of aiding environmentally-sound business platforms, while GTI implies the invention and distribution of technology platforms that aim to reduce environmental damage and increase efficiency in using resources. The methodology of the study includes primary data (based on the 200 stakeholders survey) and secondary sources in order to determine how GF and GTI affect economic, social, and environmental sustainability mediated by the construct of sustainable infrastructure. The results indicate that the understanding of GF is rather low in the population; however, the positive outlook and hopes about the green technologies such as solar energy and electric mobility can be observed. In a PLS-SEM analysis, it can be concluded that GF has a strong direct impact on GTI and sustainable infrastructure, which in one way acts strongly on the outcomes of sustainability. The study consequently confirms that joint financial and technological solutions cannot be left out in the promotion of such SDGs as affordable clean energy (SDG 7), sustainable cities (SDG 11), the climate action (SDG 13), and decent work (SDG 8). Therefore, the research paper proposes that further green transitions should be achieved through increased education of the general population, the creation of new financial tools, and enabling of policy mechanisms. Results document a significant policy implication to policymakers, investors, and planners aiming at bringing the financial and technological systems to the global sustainability agenda, especially in the developing economies.
Keywords Green Finance, Green Technology Innovation, Sustainable Development Goals, Sustainability, India.
Field Business Administration
Published In Volume 7, Issue 4, July-August 2025
Published On 2025-07-30
DOI https://doi.org/10.36948/ijfmr.2025.v07i04.52525
Short DOI https://doi.org/g9vpqn
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