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With the gradual deterioration of global environmental problems, green finance has gradually become an important means to promote sustainable economic development. This paper aims to explore the impact of green finance on regional economic development, and analyze how it promotes the green transformation and upgrading of regional economy through such approaches as optimization of capital allocation, policy guidance and support. Through literature review and comparative study, it is found that green finance can not only guide capital to flow into the environmental protection industry and promote the R&D and application of green technologies, but also optimize the regional industrial structure, improve resource utilization efficiency and reduce environmental pollution. However, the development of green finance still faces many challenges, such as policy matching and information disclosure. To give full play to the role of green finance in regional economic development, it is necessary to strengthen policy guidance, improve the legal system, enhance international cooperation, and raise the awareness and capability of financial institutions in green investment. This paper provides a comprehensive overview of how green finance affects regional economic development, discusses the regional differences in the relationship between green finance and regional economic development through comparative analysis of data from four regions, and offers valuable insights for policymakers and financial institutions through in-depth research on this topic, so as to promote more sustainable economic development.
Published in: Journal of Applied Economics and Policy Studies
Volume 19, Issue 2, pp. 72-82