Build a "double carbon" -oriented green financial system
January 11, 2023 09:43 Source: "China Social Sciences" January 11, 2023 Total Issue 2570 Author: Yang Liwei

General Secretary Xi Jinping explicitly pointed out in the report of the 20th National Congress of the Party,"Promote green development,Promote the symbiosis of human harmony between man and nature ";,Planning for development from the harmonious coexistence of people and nature ";、Finance、Investment、Price policy and standard system,Develop a green low -carbon industry "。This has opened up new horizons and new space for the sustainable development of China's financial market in the new era,It also provides a fundamental follow -up and action guide for the green development and low -carbon economy for green financial services。Current,China has initially formed a policy system and market environment that supports green financial development,Vigorous advocating and developing green finance is an inevitable requirement for achieving high -quality economic development。

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Green Finance has become an important starting point for countries around the world to use financial means to promote the rapid development of green economy,It is also the top priority of the development of the financial industry during the "14th Five -Year Plan" period of my country。Compared with traditional finance,Green Finance has two outstanding characteristics。First,Green Finance attaches more importance to the protection of human survival environment and the virtuous cycle and sustainable development of the economy and society,Provide more financial support and policy tilt for the achievement of the "double carbon" goal。Financial institutions have effectively used environmental protection and resources as an important standard for evaluating the process and effectiveness of the green financial activities,Makes funds bet365 live casino games flowing to resource conservation and ecological protection industries,To strengthen the ecological balance consciousness and green consumption concept of the economic subject。With the ecological development of the world economy and the green steering of mainstream economic policies,Green financial market dividends and construction scale are continuously growing,Limit or stop high energy through the extrusion effect、Loans and investment in pollution industries,Promote the development of the industry gradually green development。Next,Green Finance has reduced the market risk of the financial industry to a certain extent,In particular, it is conducive to reducing or restricting natural disasters、Environmental risks such as public health incidents have adverse effects on the financial industry。2020,International Clearance Bank proposes the concept of "Green Swan" incident,Think that it is caused by climate change、Extreme events that constitute a systematic threat to the financial market,It is easy to cause the financial crisis; call on central banks from all over the world to incorporate climate change into the analysis of financial risks,At the same time, strengthen other government departments、Coordination and cooperation in the private field and even the whole society。

Therefore,Take the road of low -carbon economic development,The ecological transformation of the financial market should be accelerated,Establish green as the most distinctive background color for the development of contemporary China,To promote financial activities and environmental protection、Mutual promotion and coordinated development between economic growth。

  Strengthening the construction of the green financial system 

my country's green finance development still faces many difficulties and challenges,The main manifestations are related policies, regulations and institutional systems that are not sound,For this reason, we should Bet365 lotto review focus on the following work。First, establish and improve the green financial policy system and a reward and punishment mechanism。Current,my country has basically established the top architecture of the construction of a green financial system,Multiple national policy documents have been introduced one after another。But the existing green financial policy and standard system is still not perfect,Specific measures and execution mechanisms are not in place。This requires increasing the construction and guidance of the green financial system,Establish and improve the green credit support policy and performance evaluation indicators、Project environmental standards、Green Industry Guidance Catalog and Environmental Risk Rating Standard and Industry Self -discipline Mechanism。Institute of incentive fiscal policy should be introduced to introduce environmental and carbon -related indicators,Implement tax reduction and discount system for green investment enterprises。Second is to accelerate the strategic transformation of the reform and innovation and business philosophy of financial institutions。Commercial banks must fully introduce green finance and environmental protection awareness,Effectively improve risk management and business processing capabilities。Three is to continuously improve green financial laws and regulations,Makes green finance in accordance with、There is a chapter to follow。Current,The Securities Law of the People's Republic of China and the "Commercial Banking Law of the People's Republic of China" has not yet been included in the green factors,Lack of policy support with compulsory and binding power。For this,It should be determined by legislation to determine energy saving and emission reduction indicators and carbon emission reduction financial support tools,Regulates the green financial market in the form of legal form。Fourth is unblocked information channels,Standard bet365 Play online games information disclosure mechanism,Strengthen the information exchange and sharing between relevant government departments and financial regulatory departments and commercial banks。You can refer to the principle of UN responsibility investment,Formulate financial investment disclosure standards that meet China's national conditions,Requires relevant enterprises to regularly disclose their implementation of environmental measures,Especially environmental risk information and ESG (that is, environment、Social and Governance) Index,Quantitative assessment of the environmental risk factors of the enterprise。

  Accelerate the innovation of green financial services and product development 

Green financial policy tools mainly include green credit、Green Securities、Green Fund、Green Insurance、Green Fund、Green Leasing、Carbon Finance, etc.。Promote the development of green financial policy tool development and product service innovation,The introduction of carbon financing tools should be accelerated,Increase the activity of the carbon market; increase the innovation of carbon financial products,Comprehensive use of various green financial tools,Develop carbon emission right quota pledge loan and other products; complete construction includes submission、Transaction、Settlement、Carbon emission right trading system registered and registered; you can also try to develop carbon bonds、Carbon asset pledge、Carbon asset repurchase、Carbon financing tools such as carbon asset rental and carbon asset custody。Commercial banks should innovate financial innovation、Low -carbon transformation and green development organically combine,Through loan、Finance、Guarantee、Lease、Trust, etc.,Create a sustainable development mechanism for green finance。

Current,Most of my country's green financial investment activities adopt the government -led operation method,bet365 best casino games Green Financial Product Structure Single。At the same time,The existing market is mainly green credit、Green bonds supplemented,Green Financial Development Model Elementary School。For this,Should fully absorb social funds,Promote the diversification and differentiation development of green financial products。Strengthen the influence of carbon emissions in green credit,Promoting carbon assets becomes green credit to pledge,and introduce sustainable concepts into asset allocation,Implement a variety of forms of green investment portfolio。other,It should also promote the integration and development of green finance and other fields,Create a composite financial development model such as "green+Internet", "green+inclusive", "green+supply chain",better meet the diversified needs of the market。

  Leading global green financial innovation development 

Green Finance in China has gradually become the leader of global green finance。A number of green financial development initiatives in China have been written into important documents such as the Group of 20 (G20) communiqué,I also took the lead in formulating the G20 transformation financial framework,jointly formulated the "Common Finance Common Category Catalog" with the EU。Future,China should be comprehensive、Promoting international exchanges and cooperation in green finance,Actively lead the development of global green financial innovation。

First, we must participate extensively and continuously lead the global green financial governance system。Give full play to the huge green financial market in China、Advantages of mature policy,With G20、Green Financial Network (NGFS) and China -British、China France、China -Europe Economic and Financial Dialogue Mechanism and other multilateral and bilateral cooperation platforms,Green financial policy with Chinese characteristics around the world、Standard and Action Plan,and use bet365 live casino games this to promote the internationalization process of the RMB。

Second, to promote the domestic green financial market and standards with international standards。Especially to strengthen communication with the main birthplace of green finance in Germany。After decades of development,Germany has formed a mature policy、The green financial market with complete system,It is dominated by the country、The guidance and leverage of policy banks, as well as successful practical experience in the environmental protection department's review and identification,It has important reference significance for the construction of China's green financial market。

Third, to encourage capital cross -border to participate in green investment。Under the background of building a new development pattern,Consider simplifying the approval process of green investment projects,Encourage foreign investors to issue green financial bonds in China、Participate in the green industry project。

Fourth, to vigorously promote the principle of investment in responsibility,Promote the green development of the "Belt and Road" for co -construction,Focus on strengthening green financial cooperation with countries along the route。To achieve the "double carbon" target as scheduled,"Belt and Road" international cooperation should be green、Sustainable factors such as environmental protection are included in the scope of policy and regulations,Accelerate the development of green economy in various countries。Protection and increase the value of green assets from the source,Investment、Trading and other links formulate standardized standards and rewards and punishments for promoting green financial development,Build the "Belt and Road" into a green road。

Five is to take green financial practice as the starting point,Based on the actual situation of China、Solution in China,Accelerate the formation of financial theory and research system with Chinese characteristics。While helping to build an independent bet365 live casino games knowledge system in China,Continuously consolidate China's confidence and strength as a financial country,Focus on improving China's international discourse and leading power in the field of green finance。

  (This article is the National Social Science Fund general project "Reconstruction of the financial tolerance system reconstruction of rural rejuvenation in the background of virtual agglomeration" (20bjy117) phased results) 

(Author Unit: Business Department of Industrial and Commercial Bank of China Shanghai Branch) 

Editor in charge: Chen Jing
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