Effect of Green Finance on Environmental Planning of Listed Natural Resources Industries in Nigeria
This study investigates the effect of green finance on environmental planning in Nigeria’s listed natural resources industries. As the world faces mounting environmental challenges, the role of green finance has become pivotal in fostering sustainable industrial practices. This research aims to examine how components of green finance such as green, credit, investment and insurance influence environmental planning among natural resource firms in Nigeria. Using a sample of listed companies over a specified period, the study adopts a panel data regression approach to analyze the relationship between green finance indicators and environmental planning measures. Findings reveals a significant positive relationship between green financial instruments and proactive environmental planning strategies. The adoption of green finance leads to better compliance with environmental regulations, increased investment in clean technologies, and improved sustainability disclosures. However, the study also identifies barriers such as limited green finance literacy, regulatory inconsistencies and inadequate incentives for green investment in Nigeria. The study concludes that green finance is a viable tool for enhancing environmental performance in natural resources industries. It recommends stronger policy support, improved access to green financial instruments and enhanced corporate awareness.
Keywords: Green Finance, Environmental Planning, Natural Resources Industries, Green Bonds, Sustainability Reporting and Nigeria
