Green banking practices and sustainable energy in Dhaka city

Abstract

Environmental concern is at the center of green banking practices. The public concern of the state of the environment has been growing rapidly in the last few years mostly due to apparently unusual weather patterns, rising greenhouse gases, declining air quality, declining non-renewable energy resources, etc. In particular, cities like Dhaka are severely affected with the changing environment and unsustainable energy situation. Banks hold a unique position in an economic system that can affect production, business, and other economic activities through their financing activities. Alongside handling environmental risks, banks may contribute by saving energy resources in their own operations and may also influence their clients to save energy resources. In Bangladesh, a lot is to be done to attain the expected level of environmental standard; however, remarkable development has taken place in terms of green banking practices. The broad objective of the conference paper is to evaluate the relevance of green banking practices for attaining energy sustainability in Dhaka city. The study observes that banks can play critical roles in attaining energy sustainability in Dhaka city through green activities. © 2013 WIT Press.