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Environmental deregulation has become a severe concern for public health around the world. Increased pollution and ecological degradation have diverted attention towards adopting green practices, which can be possible if the sustainable green finance system is implemented in its true spirit. But previous studies reported certain factors affecting its implementation process, particularly in developing countries. This study aims to identify and quantify the barriers to adopting a green finance system. First, it identified twenty barriers through an extensive literature review and semi-structured interviews with experts in the fields of financial management, economics, and environmental sciences. Later, eighteen factors were finalized by the consensus of panel experts, which was further used to analyze their interrelationship through Interpretive Structural Modelling (ISM). Using MICMAC analysis, these barriers were categorized based on their diving-dependence powers. Finally, the conceptual ISM model is developed that provides a clear picture of the impediments to the green finance adoption system and their flow relationship among the identified barriers at different levels. The findings suggest that global level factors: lack of pressure from international organizations and unavailability of globally acceptable green criteria are critical to the prevalence of other factors that indicate its centrality to effectively implementing the green finance system. The developed model helps in designing, implementing, and promoting eco-friendly projects. It is also recommended that an appropriate framework is required to be developed at global, country, organizational, and individual levels to deal with the barriers of the green finance adoption system. Doi: 10.28991/ESJ-2022-06-02-02 Full Text: PDF

Graphical abstract Highlights • A water-food-energy in a multiple water-reservoir system can coordinate demand-supply. • A simulation-optimization method can handle climatic and socioeconomic changes. • The application can produce a optimize policy with a robust and risk-control manner. • Results can support the adjustment of industrial structure and supply survey reform. • Results is used for policymaker to generate a sustainable water-food-energy plan. Abstract The provision of reliable water resources, safe grain production, and sustainable energy supply can be deemed as key guarantees for economic growth and human living improvement, but which have been challenged by imbalance relationship between increasing demand and limited supply capacity. In this study, a sustainable water-food-energy plan has been developed to conduct an optimal framework into a multiple water-reservoir system for confronting regional natural and artificial damages such as water deficit, food crisis and electric insufficient contemporarily. A simulation-optimization approach has been proposed to handle multiple uncertainties due to climatic and socioeconomic changes. The proposed approach has advantages of reflecting the climatic change in a lumped and conceptual way; meanwhile, it is effective to deal with socioeconomic uncertainties regarded as probability and possibility distributions, reducing the risk of decision-making with Green criterions. The developed water-food-energy plan with simulation-optimization approach can be applied to a real case study of Jing River, China. The obtained results of water-food-energy shortage, optimal water allocation-food production-energy generation, flood control, and system benefit under various policy-scenarios can be identify comprehensive water-food-energy alternatives in a multi-reservoir optimization system. Meanwhile, the results associated with credibility confidence, risk-averse attitude parameter and robustness coefficient can support the generation of a water-food-energy plan with a robust manner. It can support the improvement of water supply, irrigative production, energy generation, industrial pattern adjustment, flood risk control, supply capacity at a regional view, with aim to achieve sustainability of human activities and resource-energy conservation. [ABSTRACT FROM AUTHOR]