The Impact of Green Finance on Industrial Transformation and Upgrading

Abstract

This study employs a systematic literature review and policy text analysis to explore its mechanism, cases, and dilemmas. From the perspective of capital allocation, technological innovation, policy coordination, and low-carbon transformation, this paper analyzes the logic of green finance to optimize resource allocation, support technology research and development, strengthen policy guarantees, and help low-carbon transformation, and verify its spatial spillover, regional heterogeneity, and synergy with digital inclusive finance and industrial intelligence. The study finds that green finance not only boosts the growth of emerging green industries but also promotes the low-carbon transformation of traditional, high-energy-consuming industries, providing support for the "dual carbon" goal and high-quality development. However, it faces challenges such as an imperfect system and insufficient policy coordination. Finally, the policy directions of system optimization, regional coordination, and innovation integration are proposed, and it is pointed out that long-term effects and micro-behavior analysis can be deepened in the future to provide a reference for the green transformation of the industry.