Green Finance's Contribution to SDG Achievement: A Comparative Analysis of China and India

Abstract

A key tool for promoting sustainable development is green financing, especially in quickly expanding emerging markets like China and India. This study compares these two nations in order to examine how green financing might help meet the Sustainable Development Goals (SDGs) of the UN. Through an analysis of institutional mechanisms, policy frameworks, investment flows, and financial instruments (like green bonds and green credit), the study assesses how each country uses green finance to further SDGs pertaining to clean energy, climate action, sustainable cities, and responsible consumption. Using a mixed-methods approach, the study combines policy review and secondary data analysis. According to research, India's green finance scene is more dispersed but is developing thanks to international cooperation and public-private partnerships, whereas China has adopted a more centralized, top-down strategy to scale green finance through strict regulatory requirements. The study ends with policy suggestion of better grasping of how green finance can be used as a strategic tool to match national development objectives with international sustainability targets is made possible by this comparative insight.