Catalyzing Green Innovation: The Role of Green Finance in Sustainable Development

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Green patents in GFRIP regions exceed those in other areas by 33.1%, indicating significant green innovation.
The GFRIP policy has long-term and spillover effects on corporate green innovations, enhancing sustainability efforts.
The study utilized data from publicly listed companies between 2010 and 2020 to assess the impact of green finance.
Findings suggest that the policy particularly benefits economically developed regions and private enterprises.

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Analysis reveals a 33.1% increase in green patents due to the GFRIP policy, highlighting its role in corporate sustainability.

Yin et al. (2025) studied this question.

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