Research on international co-operation mechanisms for financial support to sustainable development—based on the perspective of global policy practice and governance innovation

The present paper is an examination of the international cooperation mechanisms for financial support of sustainable development, with a focus on policy coordination, mutual recognition of standards, financial flows, risk prevention and control. These mechanisms are analysed from the perspective of global policy practice and governance innovation, and the demand for global sustainable development is taken as a point of departure. By analysing case studies in the EU, China, Southeast Asia and other regions, the study explores the effectiveness and shortcomings of the existing mechanisms and proposes optimisation paths. The study's conclusions underscore the importance of augmenting the role of multilateral platforms, fostering compatibility among standards, and innovating financial instruments as pivotal strategies to enhance the efficacy of international cooperation.