The Dilemma of Green Finance Development and the Path Analysis of Promoting Economic Growth

Abstract

In order to address the financial demands of low-carbon development, the financial sector has developed green finance. It is a financing channel for the green economy. Green finance is helpful in maximizing resource allocation and fostering a transition to a low-carbon, environmentally friendly society. The rapid growth of green financing is advantageous for the promotion of high-quality economic development in light of the "dual-carbon" aim. Based on an examination of the current state of China's green finance growth, this study concludes that the laws and regulations governing green finance at the moment are not sound, the lack of effective incentive mechanisms for green finance, the lack of specialised talents, green product innovation is insufficient and other problems. Based on this, this paper proposes a path choice to help green finance improve economic development by improving the construction of laws and regulations, creating an efficient green financial incentive mechanism, and accelerating the diversification and upgrading of green products.