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specific projects to address systemic challenges such as climate change, biodiversity

loss, and sustainable resource use (UNEP, 2016). Furthermore, the focus on climate

resilience and adaptation finance is intensifying in green finance. As the impacts of
climate change become more pronounced, there is a growing need for investments in

projects that enhance resilience to climate change and support adaptation efforts,

particularly in vulnerable communities. Green finance is increasingly being directed

towards funding climate-resilient infrastructure, disaster risk reduction measures, and

adaptive technologies, thereby indirectly contributing to environmental conservation and
sustainable development (Agrawal et al., 2023).

Another area of innovation in green finance is the development of green financial

products and services tailored to specific sectors and regions. For instance, specialized
green loans and investment funds are being developed to support renewable energy

projects, sustainable agriculture, and green urban development in both developed and

developing countries. These sector-specific financial solutions are essential for

addressing the unique environmental challenges and opportunities in different regions

and industries. The role of green finance in driving corporate sustainability is also
evolving, with increased emphasis on sustainability-linked financial products. These

products, such as sustainability-linked loans and bonds, tie the financial terms of the

instrument to the borrower’s or issuer’s sustainability performance, incentivizing

companies to improve their environmental impact. This approach is becoming

increasingly popular as it aligns the financial interests of companies with environmental

sustainability objectives (Ezroj, 2020).

1.5. Green finance in education

Overall view of green finance in education

Green finance in education represents a crucial intersection where financial strategies

and educational policies converge to address environmental sustainability. This

integration is vital in fostering a generation that is not only aware of environmental issues

but also equipped with the knowledge and skills to tackle them. The concept of green

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