TRACK: CRITICAL MANAGEMENT STUDIES GREEN FINANCE IN AVIATION: THE CONSONANCE OF FLYING GREENER AND HIGHER
The aviation industry not only has one of the quickest rates of growth in the world, but it also has a sizable capital-intensive market. But it is regrettable to learn that, although being the only fast global transportation system for international trade, the aviation sector nevertheless contributes significantly to greenhouse gas emissions. This forces the sector to pursue green growth by preserving its level of economic stability. This is possible because to "green financing," which strives to promote overall sustainable growth by bringing capitalism and environmentalism into harmony. Even though there are numerous financial initiatives, such as the Environmental, Social, and Governance (ESG) Scheme and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), there is still much work to be done if the industry is to grow in a sustainable manner overall. This is because striking a balance between capitalism and environmentalism is essential for achieving both sustainability and economic stability. The purpose of this essay is to examine the function and advantages of green financing in the aviation sector.
Green finance, green growth, Capitalism, Environmentalism, Sustainability, Economic Stability, ESG and CORSIA.