Role of Green Finance in the Economic Development

Sustainable development is becoming increasingly crucial as the economy battles to maintain environmental health. Green funding was designed to support economic health. Green Finance is financial help for green growth. The fundamental purpose of the research is to determine economic success following the implementation of the concept of Green Finance. Today's ecosphere values sustainability since it is vital to economic security. This study focuses on the economic developments and changes that occur as a result of green finance deployment. The research also tries to identify the reason and relevance of providing green funds. The study looks at the various types of investments made by the financial industry and other investing businesses in economic growth to reduce carbon emissions. According to the findings of the literature review, green financing has a favourable influence on economic growth. Green financing has a beneficial influence on environmental quality at the national level, meaning it minimises or limits environmental damage. Then, governments should employ fiscal policies to encourage the development of green finance, and use fiscal financing to direct credit funds and social capital into green investment, green credit, and green securities