Sustainable green growth requires green finance to improve the financial sector, better the environmental and enhance economic development. This study examines how green spending affects the nation’s economy in the long term. Green finance is a market-based investment that considers environmental impact when assessing risk. Hence, the study explores green financing as a means to reduce environmental risks in developing economies. The study aims to boost the value of the environment and its natural capital to improve the well-being of humans.
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Mohsin et al. (2023) studied this question.
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