Real-world problems are often far more complicated than what we see in textbooks, as is the case with the practical control of pollution emissions from enterprises. While precise supervisory monitoring is technically complex and cost-intensive, direct administrative interventions usually lead to reduced economic efficiency. Regarding this, a new workable solution has emerged in the West in recent years – green finance. A financial tool designed to curtail atmosphere, water and soil pollution, reduce greenhouse gas emission and increase resource efficiency, green finance helps to promote economic growth in a more environmental-friendly way.
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