RESEARCH ON GREEN FINANCE ON INDUSTRIAL TRANSFORMATION AND HIGH-QUALITY ECONOMIC GROWTH: EVIDENCE FROM THE NEW ENERGY INDUSTRY IN SOUTHWEST CHINA
Keywords:
Green Finance, Industrial Transformation, Economic Growth, Renewable Energy, Southwest China, Green Bonds, Sustainable Investment, Financial MarketsAbstract
Green finance drives high-quality industrial change and economic prosperity, especially in renewable energy. This study primarily investigates the impact of green finance adoption (GFA) on industrial transformation, alongside the effect of green finance investment (GFI) on economic growth in the new energy sector across Southwest China (specifically Guizhou and Yunnan). Employing a quantitative methodology, data were gathered from 250 industry professionals through a structured questionnaire. Green finance positively correlated with industrial transformation and economic growth, according to regression study. The findings underscore the role of green financial instruments —in fostering innovation, sustainability, and investment within the hydropower, wind, and solar energy industries. This research offers valuable policy implications for financial institutions, governments, and investors advocating for the reinforcement of green finance strategies to support sustainable development. The recommendations emphasise the expansion of financial accessibility, the refinement of regulatory frameworks, and the promotion of investment in green technologies.