GD boosts green finance development
发布时间:2017-07-25 浏览次数:2030

Recently, the Development and Reform Commission of Guangdong Province announced that all the 244 entities subject to emission control completed their authorized carbon quota settlement for 2016, providing support from the financial sector for low-carbon economy.

As one of the first pilot cities of carbon trading, Shenzhen has been a pioneer of carbon finance in China for years. As of June 30, 2017, the total volume of quota traded in the carbon market in Shenzhen reached 20.55 million tons with a trading amount of 660 million yuan (US$99 million), a record high of the market.

As a branch of green finance, carbon finance is an evident trend and a potential breakthrough in developing green finance.

Guangdong actively explores green financial reforms to drive green development of the secondary sector.

On June 14, the State Council's executive meeting approved the establishment of green financial reform and innovation pilot areas in five provinces/regions, namely Zhejiang, Guangdong, Guizhou, Jiangxi, and Xinjiang, which will highlight different local characteristics aiming to drive the transition to green economy.

Green finance means that financial institutions makes environmental protection an essential policy, and consider potential environmental impact when making investment and financing decisions. Green finance is intended to divert funds to industries for the development of resources-saving technology and ecological environmental protection, guiding enterprises to pay more attention to environmental protection during production.

China included green finance as a topic for the G20 Summit for the first time last year. Besides, the Report on the Work of the Government this year clearly calls for vigorous promotion of green finance. Guangdong, with its developed economy and finance sector, has been focusing on the possibility of building a green financial market for several years.

Organization Committee of Shenzhen International Low-Carbon City Forum

Add: 608A, Block B, Zhongshen Garden Building, Futian District, Shenzhen



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