Abstract
Green finance is rapidly developing around the world in recent years and has become a new means of environmental governance. The development of green finance in China is particularly flat and the improvement of market mechanisms becomes the key to it. After analyzing the trading markets of many developed countries, this paper gives corresponding suggestions for China’s development of green finance.
Highlights
Open AccessChina has entered a crucial period of changing its direction of economic development in the face of harsh environmental problems
The development of green finance reflects the sense of social responsibility of financial institutions, but it’s an inevitable choice for the development of green financial institutions themselves
The global carbon market has evolved into the Joint Implementation (JI) market, the International Emissions Trading mechanism (IET) market, the Clean Development Mechanism (CDM) market and other markets not covered by the Kyoto Protocol such as the NSW Greenhouse Gas Emission Reduction System, the Chicago Climate Exchange and the retail market
Summary
China has entered a crucial period of changing its direction of economic development in the face of harsh environmental problems. Compared with the green financial markets in developed countries, China started relatively late and the improvement of the green financial system and the enhancement of green financial capabilities have yet to be addressed. Drawing on their experience will contribute to the rapid development of green finance in our country. Green financial instruments include trade of carbon emissions, carbon funds and other financial products. After introducing these kinds of tools, this article gives corresponding suggestions for the development of green finance in our country.
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