Modern Economics & Management Forum

As the global economy faces environmental challenges and the need for sustainable development, green finance has become an important tool for promoting economic transformation in emerging markets. This paper explores the development of green finance in emerging markets and its key role in promoting sustainable economic development from both theoretical and practical perspectives. By analyzing the basic concepts and mechanisms of green finance, this study describes in detail the economic characteristics and challenges faced by emerging markets, and assesses how green financial products and policies can help these markets address environmental and social challenges. In addition, by comparing green finance practices in different countries, this paper reveals the key factors for the successful implementation of green finance strategies and offers targeted policy recommendations. This study emphasizes that despite the many challenges, green finance remains an effective way for emerging markets to achieve sustainable development with triple bottom line of economy, environment and society.