Green finance refers to the use of financial instruments, products, and services to promote environmentally sustainable economic growth. It plays a vital role in resource efficiency and green economic growth. Resource efficiency is the use of natural resources in a way that minimizes waste and pollution while maximizing the economic benefits. Green economic growth on the other hand, refers to the development of an economy that is both sustainable and environmentally friendly. In this article, we will explore the role of green finance in achieving resource efficiency and green economic growth.
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