Green Finance and Sustainable Economic Growth: Evidence from Emerging Markets

Abstract

The green finance is the finance which can be employed in the process of sustainable development which is not harmful to the environment. The budget
technological section management can indirectly influence the curbation of climate change through the development of environmental tech. Future financial
instruments of this sector may be climate bonds, new energy equity and loans. Green finance provides an answer to the market-based solution to the destruction of
the environment It provides a means to combat climate change without negatively impacting the economy. Consequently, green is used in markets to achieve
growth and green financing significant.It is beneficial to all economic agents. Investors can take control of the risk associated with the green aspect. Financing
enables lenders to reduce climate risk by diversifying their assets and enhances their reputation. The regulatory bodies will assist the market to pay more attention
to climate action than the rules that the regulators will do. The business will have a superior image by increasing the source of financing. Finally, the product
enhances consumer experience further.Green finance project designs may be informed by the study's results, which add to the current literature on the topic. Our
research results can significantly assist governments, both regulators and financial institutions, in their sustainability and development.