China Green Finance Task Force Report: Discounted Green Loans

Inquiry Community: Research Bureau of the People's Bank of China

Inquiry Publications

  • China Green Finance Task Force Report: Lender Liability

    Date: 02-Apr-2015

    In the event of a project causing environmental damage, in many countries its commercial lenders can also face legal liabilities. This forces lenders to take environmental impact into consideration in making investment and financing decisions. This paper makes the case for establishing environmental legal liabilities for commercial banks in China and highlights steps to take to implement this: Revise

  • China Green Finance Task Force Report: Mandatory Disclosure

    Date: 02-Apr-2015

    This paper makes the case that compulsory disclosure of environmental information by listed companies and bond issuers is an effective measure to increase the sense of corporate social responsibility, improve corporate environmental performance, incentivize investors to refrain from polluting investments and strengthening green investments. It recommends: CSRC and stock exchanges formulate rules on compulsory environmental

  • China Green Finance Task Force Report: Development Banks

    Date: 02-Apr-2015

    China is supporting investment in developing countries through the BRICS Development Bank, the Asian Infrastructure Invesment Bank and the Silk Road Fund. It aims to draw upon the experiences and rules of other multilateral development agencies to ensure that this financing  encourages environmentally and socially responsible investment. The paper offers some recommendations on how the BRICS Development Bank, the AIIB and the

  • China Green Finance Task Force Report: Discounted Green Loans

    Date: 02-Apr-2015

    This paper argues that discounted interest rates for green loans can be  an effective means to use limited public subsidy to stimulate private investments equalling several times the amount of seed fund provided by the government. It recommends that China: Expland the use of discounted greend loans for energy conservation and environmental protection projects. Sreamline and

  • China Green Finance Task Force Report: International Experience

    Date: 02-Apr-2015

    The Green Finance Taskforce was convened in 2014 by the People’s Bank of China and the UNEP Inquiry. The Taskforce brought together leading Chinese experts on financial markets, policy and regulation from government, academia and from the private sector together with international experts and practitioners. One of the inputs to the deliberations of the Taskforce

  • China Green Finance Task Force Report: Environmental Cost Analysis

    Date: 02-Apr-2015

    China’s existing accounting system fails to effectively evaluate environmental costs, leading to them being interested in investment, commercial and policy decision-making. This paper sets out the case for creating a public non-profit environmental cost analysis system, to give access to environmental data and methodologies, and reduce the cost and information barriers to evaluating the true environmental cost of investment

  • China Green Finance Task Force Report: Green Bonds

    Date: 02-Apr-2015

    Green bonds provide a potential source of long-term funding for green loans which reduces the risk of maturity mismatch. This paper recommends that China should commence the pilot issuance of green bonds at the earliest possible date to support the green lending business of banks. Specific recommendations are: Create a clear standard to define the scope of investment

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