A Quartet approach towards the growth of Green Funds-A Narrative Review

Abstract

Adopting renewable energy is primarily intended to gradually restore the harm that irresponsible human conduct has brought to the environment. It is an approach to living a successful and sustainable life. In recent years, India's energy consumption has skyrocketed due to the country's expanding economy and population. To produce 450 GW of renewable energy capacity by 2030, India has set lofty goals to enhance the share of renewable energy in its energy mix. To this end, the Indian mutual fund industry encourages investment in green energy sectors. Green energy has emerged as the new market niche, and lots of companies are supporting it because the globe is becoming more interested in sustainable solutions. Our analysis of narrative in nature using the PRISMA graph and quartet approach demonstrates the recent expansion of green fund investment in India and around the world. The findings from the study indicate that investing in green energy funds will help India reach its ambitious goal of increasing the share of renewable energy in its energy mix. It is observed that the world at large has evidenced swift growth toward sustainable development. It is evident by the government regulations, supporting programs, and policies implications on the concerns to consider responsible investment in their investment decisions