BOHR International Journal of Finance and Market Research

Global warming has affected the whole world negatively as it is experiencing uncertainty in weather. It is
the long-term warming of the Earth’s climate system that has been seen since pre-industrial times (between 1850 and
1900). Human activities and the combustion of fossil fuels contribute to global warming by increasing heat-trapping
greenhouse gas levels in the Earth’s atmosphere. Although the phrases are commonly interchanged, the latter refers
to both man-made and natural warming, as well as the consequences for our world. It’s generally calculated as the
average increase in the Earth’s global surface temperature.
To save the mother earth and to save themselves from the negative impacts of global warming, many countries
have started taking initiatives of which green finance is the one. Many countries have started issuing green bonds.
The bonds that are issued to raise money to be used in climate and environmental projects. This paper is written
to define the importance of green finance for the world’s environment. It will describe how the term green finance
emerged and the status of different countries. The paper is based on secondary data only collected by accessing
various online sources.