Exploring the Application of Green Innovation Risk Measurement Model in China's Manufacturing Industry

With the increasingly serious global environmental problems and the demand for sustainable development in society, green innovation has become an important direction for the development of China's manufacturing industry, but it faces numerous risks and challenges. Therefore, establishing a scientifically effective green innovation risk measurement model is of great significance for assessing and managing risks and improving investment returns. This article elaborates on the concept and principles of the current green innovation risk measurement model, and analyzes its applicability, advantages and disadvantages. On this basis, the specific application of the model in China's manufacturing industry is explored. Finally, the effectiveness of the model application is elaborated, and future research directions and suggestions are proposed. Through the research in this article, it is expected to enhance China's manufacturing industry's understanding and management capabilities of green innovation risks, promote the transformation of enterprises towards sustainable development, and make positive contributions to achieving a win-win situation of economic and environmental benefits.