Author: Green Finance Task Force
Inquiry Publications
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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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China Green Finance Task Force Report: International Experience
Date: 02-Apr-2015The 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
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China Green Finance Task Force Report: Environmental Cost Analysis
Date: 02-Apr-2015China’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
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China Green Finance Task Force Report: Green Bonds
Date: 02-Apr-2015Green 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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China Green Finance Task Force Report: Green Banking System
Date: 02-Apr-2015This paper sets out the case for establishing a green banking system in China. It recommends the establishment of a system of green banks empowered to fully leverage their expertise, scale, and risk management to manage green loans and investments. A China Ecological Development Bank should be established in which the government does not have to have a
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China Green Taskforce Report: Green IPOs
Date: 02-Apr-2015Developing innovative and growing green industry sectors in China depends on broadening funding source beyond government loans to capital markets. One of the major bottlenecks for entering the stock market for Chinese green enterprise today is the slow IPO process. The paper recommends that the CSRC simplify the IPO review and approval processes for green enterprises, in particular by: Develop a green
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China Green Finance Task Force Report: Green Funds
Date: 02-Apr-2015This 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
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China Green Finance Task Force Report: Emissions Trading
Date: 02-Apr-2015Carbon and pollution trading markets are important financial infrastructures for the promotion of emission abatement at lower costs and with higher efficiency. This paper proposes the following recommendations on the development of carbon and pollution trading markets, which is underway in China: Improve relevant institutional design and effectiveness of the trading mechanism Establish both national and regional
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China Green Finance Task Force Report: Green Investor Networks
Date: 02-Apr-2015This paper set out the case for financial institutes and associations in China to establish a green investor network, to monitor investees’ performance of their environmental obligations, foster green investment capabilities, and hold educational programs. Internationally, green investor networks such as the UNEP Finance Initiative and the UN Principles for Responsible Investment have played a
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China Green Taskforce Report: Green Rating
Date: 02-Apr-2015Green ratings for projects and financing for companies as part of a green credit information system makes it possible to evaluate the positive and negative environmental externalities of these projects and enterprises in a science-based manner and justify the decision-making of fiscal subsidies or penalties, discounts of bank interest rates and bond financing cost. This