Green Innovation and Finance in Asia

Green innovation and green finance are two key components of sustainable development. In the most populous, fastest-growing region in the world, Asian countries are pressed to maintain economic growth while addressing climate change and environmental externalities. Japan, South Korea, and China have each implemented policies to promote green innovation and finance conducive to such ends. While each country possesses unique capabilities, the extent to which they can promote environmentally adjusted multifactor productivity growth, green patent registrations, green bond issuances, green foreign direct investment, and environmental, social, and governance information disclosures stands to impact on their shifts to sustainable growth paradigms.

Automated summary

Asian countries, including Japan, South Korea, and China, are implementing policies to promote green innovation and finance in order to achieve sustainable development goals amidst the challenges of climate change and environmental pressures. The extent to which they can drive environmentally adjusted productivity growth, green patent registrations, green bond issuances, green foreign direct investment, and environmental disclosures will impact their transition to sustainable growth paradigms.