The Impact of Green Finance on Carbon Emission Reduction under the "Dual Carbon" Goals
Since the Industrial Revolution, environmental challenges stemming from social development have escalated into a pressing global challenge. To address this crisis, green finance has emerged as an innovative financial tool designed to channel funds into low-carbon and eco-friendly sectors, thereby effectively curbing the rise in carbon emissions. This paper investigates how green finance stimulates capital investment in carbon emission reduction efforts, how carbon markets manage emission quotas across various economies, the broad societal attention, and the proactive implementation of carbon reduction policies by governments. The study elucidates the operation and impact of these mechanisms in controlling and guiding carbon emission reductions. Furthermore, this paper puts forward strategic solutions and recommendations to optimize the green finance ecosystem and bolster its impact on carbon emission reduction. Through detailed analysis and strategic recommendations, this paper seeks to provide theoretical underpinnings and practical guidance for the healthy development of green finance and the achievement of global carbon reduction targets.
Authors
- Jinyiran Chen
Institutions
- Wenzhou-Kean University (CN)
Publication Details
- Journal
- Highlights in Business Economics and Management
- Published
- 2024-12-24
- DOI
- https://doi.org/10.54097/6tt4b918
- Citations
- 2
- Primary Topic
- Energy, Environment, Economic Growth
- Type
- article
- Field-Weighted Citation Impact
- 2.26