As the world grapples with the urgent need to mitigate the impacts of climate change, green finance and investment have emerged as critical drivers of the low-carbon transition. This article delves into the intricacies of green finance and its role in supporting investments that contribute to a sustainable, low-carbon future. With a focus on both the financial and environmental aspects, we explore key concepts, challenges, and opportunities associated with green finance and investment. This comprehensive discussion aims to provide insights into how these mechanisms can play a pivotal role in addressing the global climate crisis. Governments and regulatory bodies are increasingly supportive of green finance. Incentives, subsidies, and favorable policies are encouraging more investments in sustainable initiatives.
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Journal of Global Economics received 1931 citations as per Google Scholar report