Sustainable and Healthy Development of Green Finance of Large Commercial Banks under the Vision of Carbon Neutrality

Jun Qiu ()
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Jun Qiu: Bank of Communications, Corporate Banking Department

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 1827-1832 from Springer

Abstract: Abstract As China moves towards the “dual-carbon” goal, financial organizations have been racing on the track of green finance. Large commercial banks are engines that drive real economy and lead the nation towards the dual-carbon objective. How to allow these banks to shoulder the social responsibilities for green development and promote transformation into green financial services and quality development has become a crucial research topic. In light of the advanced practice of other countries and China’s focus in its transformation towards green and low-carbon development, the work here analyses the current conditions of large commercial banks, and explores the challenges that the banks face in its endeavour towards green and low-carbon development as well as the corresponding causes. On that basis, it is advised that banks should adjust their product design and service philosophy to meet the requirements set by the nation as it approaches the dual-carbon goal, take effective measures that involve both top strategic planning and fundamental policy implementation to achieve sustainable and healthy development of green finance. The work here is expected to explore a new path to lead banks towards quality and green development, and provide useful advice to facilitate China’s initiatives to reach the goal of peak carbon dioxide emissions and carbon neutrality.

Keywords: commercial bank; green finance; carbon neutrality; sustainable development (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-036-7_273

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DOI: 10.2991/978-94-6463-036-7_273

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