Literature Review on the Impact of Green Finance on High-Quality Economic Development

Abstract

Green finance (GF) has a positive impact on high-quality economic development (HQED). By providing environmental-friendly and sustainable investment and financing support, GF guides resources to flow into the environmental protection industry and green development fields, reducing environmental pollution and ecological damage, and promoting economic structural adjustment and industrial upgrading. At the same time, GF can also promote companies to take on social responsibility and enhance their awareness of sustainable development. However, GF faces challenges in the HQED, including the establishment of GF standards and evaluation systems, improvement of innovative capabilities and market competitiveness of products and services, and strengthening of regulatory measures and risk prevention. This article reviews relevant research on GF, HQED, and the role and impact mechanism of GF on HQED.