Year: 2024
Type: article
Abstract: 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.
DOI: 10.54097/6tt4b918
Author: Jinyiran Chen
Institution: Wenzhou-Kean University
Language: English
Subfield: Finance
Domain: Social Sciences
SDG: Climate action
Open Access status: diamond
OpenAlex ID: W4405809037