Chinas pioneering green finance

Ma Jun

Chapter 51 in Standing up for a Sustainable World, 2020, pp 360-368 from Edward Elgar Publishing

Abstract: Five years ago, few would have expected China to become a pioneer in green finance. It had only one green financial product then: a modest-sized green credit. Today, it is one of the largest economies that have introduced comprehensive policy frameworks for developing green finance, including the guidelines, taxonomy, incentives and disclosure requirements, one of the largest markets for green bonds, as well as having an array of other green finance products, such as green funds, insurance products, ETFs and ABSs. China’s rapid transformation has drawn much attention from the international community with many people wondering what “secrets†powered China’s progress. This article provides an overview of what China has achieved in developing its green finance system, highlights the key features of the Chinese approaches and explores areas of the Chinese green finance market that can be further improved, which also involves the international collaboration with other major green financial markets, such as the EU.

Keywords: Development Studies; Economics and Finance; Environment; Politics and Public Policy (search for similar items in EconPapers)
Date: 2020
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