Development of Low-Carbon Finance Helps the Construction of China's Low-Carbon Financial Legal System

Abstract

The massive consumption of coal, oil and other resources has led to a significant increase in greenhouse gas emissions and global warming, seriously threatening the ecological environment. Achieving low-carbon development has become a common goal pursued by all countries. On this basis, China has put forward the goals of carbon peaking by 2030 and carbon neutrality by 2060. The best way to solve this problem is to promote low-carbon finance. Low energy consumption and low pollution have become the core of green economic development, which reasonably improves the status quo of serious environmental pollution and promotes the realisation of high-quality development of the social economy. Since the 19th National Congress, China's economic development has shifted from high-speed growth to the development stage of high-quality growth, and this shift not only requires sustained and stable economic growth, but also emphasises the protection of the ecological environment and sustainable development. The development of low-carbon economy not only helps to reduce greenhouse gas emissions and protect the ecological environment, but also promotes the optimisation and upgrading of the economic structure, achieving a win-win situation for the economy and the environment. However, the healthy development of low-carbon economy needs strong institutional guarantee. In particular, the improvement of the low carbon financial legal system.