Author(s)

Wenbin Zheng ¹

Affiliation(s)

¹ Changchun University of Finance and Economics, Changchun, Jilin, 130000, China

Corresponding Author

Wenbin Zheng

ABSTRACT

The purpose of this article is to deeply discuss the significance of the construction of green financial legal system to promote the sustainable development of the environment, as well as the challenges and countermeasures faced by the current green financial legal system. This article systematically combs the construction of international and domestic green financial legal system, including laws and regulations, supervision mechanism, market cultivation and international cooperation. Through comparative analysis, it reveals the key role of green financial legal system in promoting environmental sustainable development, as well as the existing problems such as imperfect laws and regulations, imperfect supervision mechanism and low market maturity. The research findings indicate that enhancing the legal framework for green finance holds immense importance in fostering the growth of green industries and environmental initiatives, directing societal capital towards eco-friendly sectors, and facilitating the green shift in economic structures. Furthermore, this article presents focused policy recommendations, encompassing accelerating the drafting of specific green finance legislation, establishing and refining green finance oversight mechanisms, bolstering innovation and promotion of green financial products, and reinforcing international collaboration and dialogue.

KEYWORDS

Green finance; Legal system; Environmental sustainable development; Policy suggestions; international cooperation

CITE THIS PAPER

Wenbin Zheng. Legal System Construction of Green Finance and Environmental Sustainable Development. Science of Law Journal (2024) Vol. 3: 137-142. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030718.

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