Establishing China’s Green Financial System: Summary Report of the Green Finance Task Force
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Date
2015Author
United Nations Environment Programme
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RT Generic T1 Establishing China’s Green Financial System: Summary Report of the Green Finance Task Force A1 United Nations Environment Programme YR 2015 LK https://wedocs.unep.org/20.500.11822/26636 PB AB TY - GEN T1 - Establishing China’s Green Financial System: Summary Report of the Green Finance Task Force AU - United Nations Environment Programme Y1 - 2015 UR - https://wedocs.unep.org/20.500.11822/26636 PB - AB - @misc{20.500.11822_26636 author = {United Nations Environment Programme}, title = {Establishing China’s Green Financial System: Summary Report of the Green Finance Task Force}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/26636} } @misc{20.500.11822_26636 author = {United Nations Environment Programme}, title = {Establishing China’s Green Financial System: Summary Report of the Green Finance Task Force}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/26636} } TY - GEN T1 - Establishing China’s Green Financial System: Summary Report of the Green Finance Task Force AU - United Nations Environment Programme UR - https://wedocs.unep.org/20.500.11822/26636 PB - AB -View/Open
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In the context of growing environmental challenges, China needs to urgently transition toward a green and sustainable growth model. It is estimated that an annual investment of at least 2 trillion yuan (US$320 billion) is needed to achieve national environmental targets during the Thirteenth Five-Year Plan. At the same time capital must shift from high-pollution, energy-intensive heavy sectors into more innovative and technological industries. Establishing a systematic green finance system is crucial to this. The Green Finance Task Force has developed 14 recommendations across 4 areas which would to enable the establishment of a comprehensive green finance system which both stimulates green investment and curbs investment in pollution-intensive industries
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