The Interplay of Green Finance and Environmental Innovation in Advancing Sustainable Development

Abstract

Because of the worldwide drive for sustainability, green finance and innovation for the environment are now receiving more attention. Through green finance, eco-friendly projects receive financial support that lowers environmental risks and environmental innovation brings new ideas and methods that back up sustainable activities. The research studies how green finance and environmental innovation work together and how this partnership promotes sustainable development. The researchers applied descriptive statistics and hypothesis tests using primary and secondary information to see if these concepts play a valuable and significant role in the long-term impact on the environment, economy and society. Information gathered shows that having access to green finance helps to speed up the pace of environmental innovation which in turn supports the development of various sustainable sectors.