Finance

Sustainable growth rate

Business

Externality

Investment (military)

Corporate governance

Economic growth

Sustainable development

Biology

Politics

Macroeconomics

Political science

China

Economics

Microeconomics

Ecology

Productivity

Green economy

Environmental governance

Green growth

Foreign direct investment

Climate Finance

Developing country

Asian Economic Policy Review

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.

Green Innovation and Finance in Asia