Credit institutions that want to play a role in financing green investment need to either gain or expand their expertise in relevant areas at an early stage. Because noble as your intentions may be, you have to make sure that you do not fall victim to typical innovation risks.
If we were to describe it with the picture of a chain reaction, the sequence would be: financial integration positively impacts on financial development that in turn has a positive impact on economic growth. But let us look at each individual element separately. There is strong evidence to suggest that financial development, i.e.