IIARD International Institute of Academic Research and Development

IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH (IJBFR )

E-ISSN 2695-1886
P-ISSN 2672-4979
VOL. 9 NO. 2 2023
DOI: https://doi.org/10.56201/ijbfr.v9.no2.2023.pg89.98

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Impact of Carbon Financing on Climate Change in Manufacturing Industries in Nigeria

Onoh, Uloma Adonye, Agbaeze, Clifford Chilasa, Chukwu Peter Damian Ezechi

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Abstract

Global warming and climate change are inescapable consequences of the expansion of industries everywhere in the world. Both conditions have a very real effect on the environment. In recent years, natural disasters such as landslides and floods have been fairly evenly spread over the world. These catastrophes are indirectly brought on by climate change, which results in global warming. Companies benefit from a competitive advantage from carbon financing. Today, organizations and institutions use carbon financing to inform their policy decisions on environmental preservation and climate change. The study showed the value of carbon financing in industrial companies as a reflection of climate change and how it connects to risk management. The research also demonstrates how ready industries are to manage carbon financing to lessen the effects of climate change on the environment and increase investor awareness.

keywords:

Climate change, carbon financing, global warming, risk management, manufacturing industries, accounting

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References:

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Bodansky, D, (2016). The Paris Climate Change Agreement: A New Hope? American Journal of
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Carmela Gulluscio, Pina Puntillo, Valerio Luciani and Donald Auisingh. Climate change
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