“…Tan et al (2022) found a significant peer effect in promoting corporate green innovation after the implementation of green credit policies, which mainly stems from more investment in clean projects and credit restrictions on polluting projects. Aside from green credit policies, the development of green finance also has a significant impact on green innovation (Li et al, 2023a; Mgomezulu et al, 2023; Li et al, 2023b; Raihan, 2023; Zhongzheng, 2023; Ahuja et al, 2023; Yang and Chen, 2023; Awan and Yaqoob, 2023; Yolcan, 2023). Lee and Lee (2022) explored the effect of green finance on green total factor productivity by introducing a system of green credit, securities, insurance, and investment indicators, noting that the development of green finance has a significantly positive impact on green technological progress in provinces of China having low environmental protection and high pollution levels.…”