China
Publications
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The Financial System We Need: Aligning the Financial System with Sustainable Development
Date: 08-Oct-2015Download the full report: [AR] [CH] [EN] [ES] [FR] [PT] [RU] Download the policy summary: [AR] [CH] [EN] [ES] [FR] [PT] [RU] This first edition of “The Financial System We Need” argues that there is now a historic opportunity to shape a financial system that can more effectively finance the development of an inclusive, green economy. This opportunity is based on a growing trend
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China Report
Date: 06-Oct-2015The Inquiry collaborated in an 18-month project, Greening China’s Financial System, carried out by the International Institute for Sustainable Development (IISD) and the Finance Research Institute (FRI), Development Research Center (DRC) of the State Council. The aim was to develop specific proposals for greening China’s financial system, based on an analysis of current practice in China
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Green Finance for Developing Countries
Date: 15-Jul-2016This report outlines key concerns and needs of developing countries in relation to green finance, particularly focusing on developing countries that are not members of the G20. It also highlights emerging innovations, drawing in particular from engagement with practitioners and regulators from Bangladesh, Colombia, Egypt, Honduras, Jordan, Kenya, Mauritius, Mongolia, Morocco, Nigeria, the Philippines, Thailand
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China Green Finance Task Force Report
Date: 01-Apr-2015In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial
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Establishing China’s Green Financial System: Progress Report
Date: 16-Nov-2017The report finds that China – which put green finance on the G20 agenda during its 2016 presidency – is following through on its political commitment to boost the financing required to do this. The report looks particularly at progress since the State Council in August 2016 approved a set of recommendations for action on
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Roadmap for a Sustainable Financial System
Date: 13-Nov-2017The objective of this Roadmap is to propose an integrated approach that can be used by all financial sector stakeholders—both public and private—to accelerate the transformation toward a sustainable financial system. This approach can bring policy cohesiveness across ministries, central banks, financial regulators, and private financial sector participants to focus efforts. The ultimate vision that
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4th Update Report: The Coming Financial Climate
Date: 07-May-2015This is the 4th Update Report of the UNEP Inquiry, it is focused on the challenge of financing the low-carbon transition. Many approaches and instruments will be needed to deliver the financing needed. Public finance, funded by tax revenues and international transfers, will provide part of the solution. However such finance will be inadequate. Private
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2nd Update Report: Insights from Practice
Date: 07-Oct-2014This is the second update report by the UNEP Inquiry, it highlights early lessons from the Inquiry’s ongoing work in more than a dozen countries. What is clear from inital engagement is that even with strong real economy policies to correct market failures and deploy public capital, some interventions in the financial system will be
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China Green Finance Task Force Report: Green Insurance
Date: 02-Apr-2015The rapid and continuous increase of environmental incidents in China in recent years has led to severe impacts on its sustainable social and economic development and public health. This paper sets out the case for green insurance as a market-based risk management mechanism which could play a proactive role in preventing and transferring environmental pollution risks and
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China Green Finance Task Force Report: Lender Liability
Date: 02-Apr-2015In 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
Community
In the face of urgent environmental challenges, policy and regulatory weaknesses in the real economy and longer term economic opportunities, China has seen the potential for embedding environmental considerations in its financial market development. Initial developments focused on improving the environmental impact of bank lending through the Green Credit Guidelines of the China Banking Regulatory Commission. In 2014 The People’s Bank of China established a Green Finance Task Force co-convened with the Inquiry, to develop recommendations for a comprehensive program of reforms to enhance market information, strengthen legal frameworks, strengthen fiscal incentives and institutional design. Some of these proposals are now being further developed under an expanded Green Finance Committee.