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For the global economy to achieve green development contribution wisdom, China ushered in the green financial development Golden Age

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G20 and green finance

Under the initiative of our country, the issue of green finance was listed on the G20 agenda for the first time this year, and a green finance research group was set up to launch a comprehensive report on G20 green finance. In this report, the definition, purpose, scope and challenges of green finance are clarified, and suggestions for the development of green finance in various countries are also provided, so as to support global sustainable development.

From the green financial issues to Chinese debut G20, the people's Bank and other seven ministries jointly issued the "guidance" on the construction of green financial system, China has become the world's first to establish the green financial policy system economy.

The people's Bank of China stressed that the main purpose of building a green financial system is to mobilize and encourage more social capital to invest in the green industry, while at the same time to effectively curb pollution investment. Building a green financial system will not only help accelerate the transformation of China's economy into green, but also help to promote technological progress in environmental protection, new energy, energy conservation and other fields, and accelerate the cultivation of new economic growth points.

From a global perspective, green finance, as a new financing way in recent years, is becoming an important driving force for promoting global green growth and sustainable development. Whether from top-level design or civil participation, China's green financial system is becoming the leader of global green finance.

For example, the Internet financial giant ant gold service, recently for Alipay's 450 million users opened the account is a personal account of carbon carbon, by far the world's largest platform.

Recently, the people's Bank of China, Ministry of Finance and other seven ministries jointly issued "guidance on the construction of green financial system" (hereinafter referred to as the "opinions"), the full deployment of China green financial system, the green industry financing difficulties, financing expensive.

Chief economist and Research Bureau of the people's Bank of China China financial director of the Institute of green financial Specialized Committee Ma Jun believes that the "opinions" issued, marking China's strategy from the highest level to the relevant ministries level has formed a high degree of consensus.

China is ushering in the golden age of green financial development. "Financial bank Chinese Academy of Social Sciences Research Director Ceng Gang said, in the construction of China and improve its green financial system at the same time, also make active participation in the global green financial rules, as the global economy contribution to green low-carbon development China wisdom".

Establishment of national green development fund

A strong commitment from the central government

Prior to the opening of the G20 summit, carbon emissions, the world's two largest economies, China and the United States, almost formally approved the accession to the Paris agreement on climate change (hereinafter referred to as the Paris agreement), 38%.

"To achieve our goal of environmental pollution control and the international commitment to peak carbon emissions in 2030 or before, we expect a green investment of 3 trillion to 4 trillion yuan per year.". However, the industry estimates that financial funds can only cover about 15%, so the vast majority of green investment needs to come from social funds. Ma Jun pointed out in an article that the opinions will become an important and active policy signal to guide the financial industry and enterprises to carry out green investment and financing.

"In the past, China's green finance was mainly confined to green credit. "Ma Jun said, but many green projects, especially new projects, first need equity financing, because it needs capital to further debt financing.". Therefore, through the establishment of some green equity funds to promote equity financing of green projects. Many green projects are relatively new, technically speaking, people feel that the risk is relatively large, but also face the uncertainty of policy. Because of these uncertainties, private funds are reluctant to invest in these projects. If the government's funds are involved in the investment, these projects will greatly reduce the risk of private funds for such projects, so that they are willing to vote.

Ma Jun believes that the "opinions" for the first time proposed the establishment of the national green development fund to invest in green industries, reflecting the country's green investment guidance and policy signals". Internationally, China's establishment of a green development fund at the national level is a rare commitment by the central government to green development.

A comparable case is Britain's green investment bank, which was founded in 2012. Although it was called the "bank", but it can not Xichu, can not issue bonds, so the green fund is a fact.

Largest labeling green bond issuing country

Grow from zero to hero in one year

Day ago by road green finance and Climate Initiative (Climate Bonds Initiative bond bond) and climate change jointly issued the "2016": the market status report, China is the largest issuer of climate related bonds. China also plays a leading role in labeling green bonds. China is also the largest labeling green bond issuing country in early 2016.

According to statistics, as of now, China has issued nearly 120 billion yuan of green bonds, accounting for 45% of the global green bonds issued over the same period. European currency (Euromoney) executives commented on the momentum of China's green bond market, saying that China grew from zero to from zero to (grew hero) within a year.

Li Yifeng, deputy general manager of Haitong Securities bond financing department, analyzes the driving force of the green bond market, which is the support of the competent authorities for green bonds and the recognition degree of investors for green bonds. At present, the two aspects of the performance is very positive, the competent authorities of green bonds audit relatively fast, investors are also recognized, and the current interest rate is generally lower than the bond market interest rates.

It is understood that China is the first