Advances in Economics, Management and Political Sciences
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Advances in Economics, Management and Political Sciences
Series Vol. 78 , 18 April 2024
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The Origin, Present Situation, and Future Development Suggestions of Green Finance in China
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Abstract
At present, with the continuous advancement of the process of globalization, resources and environmental problems have caused a threat to the global economy and human development. Therefore, many countries pay more and more attention to the development of green finance. What is green finance? Green finance refers to economic activities that support environmental improvement, response to climate change, and efficient use of resources, namely, financial services provided for project investment and financing, project operation, and risk management in the fields of environmental protection, energy conservation, clean energy, green transportation, and green buildings. Generally, green finance originated from the “Limits to Growth” promulgated by the Club of Rome in 1972, which proposed the concept of sustainable development for the first time, and environmental finance came into being, which was the predecessor of green finance. With the increasing awareness of environmental protection, green finance has developed rapidly and has become a new means of current environmental management, representing new characteristics, new trends, and new directions of financial industry development. In the future, the development direction of green finance will mainly include the innovation of financial products, the enhancement of information transparency, and the empowerment of technology. This paper will be completed in the form of a literature review. This paper will collect literature from major paper websites and elaborate on the history, current situation, and future suggestions of green finance from three perspectives.
Keywords
Green finance, Origin, Present Situation, Future Suggestions
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-379-1
- ISBN (Online)
- 978-1-83558-380-7
- Published Date
- 18 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/78/20241623
- Copyright
- 18 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited