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