Show simple item record

Greening China's Financial System

dc.contributor.authorInternational Institute for Sustainable Development
dc.contributor.authorFinance Research Institute (FRI), Development Research Center (DRC) of the State Council, China
dc.contributor.authorInquiry into the Design of a Sustainable Financial System, UNEP
dc.contributor.authorFridtjof Nansen Institute
dc.coverage.spatialChinaen_US
dc.date.accessioned2020-12-10T14:46:13Z
dc.date.available2020-12-10T14:46:13Z
dc.date.issued2015
dc.identifier.isbn978-1-894784-74-0en_US
dc.identifier.urihttps://wedocs.unep.org/20.500.11822/34526
dc.descriptionRealizing sustainable development depends on “greening finance”—that is, ensuring that the financial institutions charged with allocating available financial assets take environmental and social factors into account when allocating credit, making investments and providing other financial services such as insurance. Transforming from a resource and pollution-intensive economy to a green economy is now a strategic priority for China. Success depends on the development of green industries and the transformation and reduced importance of many traditional industries. Key priorities include clean energy, industrial energy conservation, building energy conservation, transport energy conservation, improvement of energy efficiency and environmental pollution control. Greening finance is a growing focus for the Chinese government through the promotion of green credit, green securities and green insurance. However, despite significant progress, some constraints must still be overcome: first, perverse price signals resulting from absent or inappropriate policies; second, unwillingness of short-term focused investors to finance green development projects that often require higher upfront investment and give slower returns; and third, a lack of clear definitions and frameworks, which results in inadequate enabling policies, regulations and standards. Furthermore, progress is constrained by divergent interests and approaches between central and local government, as well as between government and market institutions. This book proposes a framework for actions covering five key areas that, if adopted by the Chinese government, would promote the systematic development of green finance.en_US
dc.formatTexten_US
dc.languageEnglishen_US
dc.publisherInternational Institute for Sustainable Development
dc.relation.ispartofUNEP Inquiry Reportsen_US
dc.relation.ispartofUNEP Finance Initiativeen_US
dc.rightsPublicen_US
dc.subjectGREEN ECONOMYen_US
dc.subjectENVIRONMENTAL MANAGEMENTen_US
dc.subjectECONOMIC SYSTEMSen_US
dc.subjectMONETARY POLICYen_US
dc.subjectCLIMATE CHANGEen_US
dc.subjectMARKET ECONOMYen_US
dc.subjectCHINAen_US
dc.subjectENVIRONMENTAL FINANCINGen_US
dc.subjectSUSTAINABLE DEVELOPMENTen_US
dc.subjectFINANCIAL MARKETSen_US
dc.titleGreening China's Financial Systemen_US
wd.identifier.sdgSDG 8 - Good Jobs and Economic Growthen_US
wd.identifier.sdgSDG 12 - Responsible Consumption and Productionen_US
wd.identifier.sdgSDG 13 - Climate Actionen_US
wd.topicsClimate Actionen_US
wd.topicsFinance and Economic Transformationsen_US
wd.identifier.pagesnumber318 pagesen_US


Files in this item

Thumbnail
Name:
GCFS.pdf
Size:
10.93Mb
Format:
PDF
Description:
English
View/Open

This item appears in the following Collection(s)

Show simple item record