Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)

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The Role of Green Finance in Driving Sustainable Economic Development in Emerging Economies

Authors
Yiran Chen1, *
1School of International and Public Affairs, Columbia University, New York, 10027, United States
*Corresponding author. Email: yc4639@columbia.edu
Corresponding Author
Yiran Chen
Available Online 22 December 2025.
DOI
10.2991/978-94-6463-916-2_19How to use a DOI?
Keywords
Green finance; sustainable development; emerging markets; ESG investment; economic growth
Abstract

Green finance has emerged as a key mechanism for harmonizing economic growth with environmental sustainability, especially in emerging economies facing both development pressures and environmental constraints. This paper explores the contribution of green finance to sustainable economic development through instruments such as green bonds, green credit, and environmental, social, and corporate governance (ESG) investments. Using panel data from China, India and Brazil over the past decade, this research applies a policy evaluation framework to assess the impact of green finance flows on key macroeconomic indicators, such as gross domestic product (GDP) growth, carbon dioxide emissions and industrial upgrading. The results suggest that in the context of emerging economies, green financial mechanisms can effectively support low-carbon economic growth, contribute to infrastructure investment, and improve overall environmental governance capacity. This research contributes to the relevant literature by providing empirical evidence and policy implications for integrating green finance into long-term development strategies in emerging markets.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
22 December 2025
ISBN
978-94-6463-916-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-916-2_19How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yiran Chen
PY  - 2025
DA  - 2025/12/22
TI  - The Role of Green Finance in Driving Sustainable Economic Development in Emerging Economies
BT  - Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)
PB  - Atlantis Press
SP  - 157
EP  - 165
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-916-2_19
DO  - 10.2991/978-94-6463-916-2_19
ID  - Chen2025
ER  -