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China Green Finance Task Force Report: Green Funds

Country Paper

Authors: Green Finance Task Force   

Published By: UNEP Inquiry    Research Bureau of the People's Bank of China   

Date: Apr 2015

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China Green Finance Task Force Report: Green Funds

This paper sets out the case for promoting the development of green industry funds as public-private partnerships (PPPs) to use limited government funding to leverage private capital into green sectors.

It is envisaged that green industry funds will serve as the platform through which private capital can converge into professionally managed green investments with government as one investment partner. Government funding would be based on positive externalities to the environment, governed by explicit contracts, clear responsibilities and shared interests and risks between government and private capital.

Alongside establishing public-private funds the Taskforce also recommended measures to ensure that these PPPs could exit from investments and that green start-ups can expand by raising a next round of capital through green bonds and equity listing.

[NB: This paper is one chapter of the broader report “Establishing China’s Green Financial System” developed by the China Green Finance Task Force, which was convened by the Research Bureau of the People’s Bank of China together with the UNEP Inquiry]

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