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In the 21st century, the global economy and society face unprecedented challenges and opportunities, with environmental issues like climate change and resource depletion threatening sustainable development. Green finance emerges as a novel financial model, emphasizing the integration of environmental, social, and governance (ESG) factors into financial decisions and investments. This study explores the connotation, characteristics, and global practices of green finance, highlighting its role in promoting economic sustainability through tools like green bonds and sustainable development loans. The literature review identifies key themes and research findings in green finance, including its impact on sustainable development and the challenges it faces, such as information asymmetry and lack of standardized evaluation systems. The development and challenges of green finance in China are also examined, noting significant progress driven by government policies and the growth of the green bond market, alongside persistent issues like inconsistent standards and transparency. This comprehensive analysis underscores green finance's potential in fostering international cooperation, enhancing financial stability, and driving the green transformation of the economy, ultimately contributing to a more sustainable global future.
Chuan Tang (Wed,) studied this question.