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Research On The Financial Support To Low-carbon Economy

Posted on:2011-04-22Degree:MasterType:Thesis
Country:ChinaCandidate:Q Y WengFull Text:PDF
GTID:2199330332982271Subject:Finance
Abstract/Summary:PDF Full Text Request
China is in a period of economic transformation restructuring, needs to develop low-carbon economy, and low-carbon economy's development and Nurture needs the support of policy, technology and financial capital. The most important is the financial support. Therefore, in China it has great practical significance to research on financial support for low-carbon economy. As a branch of environmental finance, Carbon finance refers to all financial activities and policies that are to support of low-carbon economic development and reducing greenhouse gas emissions, which is the latest formulation and direction of modern finance extending from environmental finance that is applied in low-carbon economic field. It also means an integrated innovation between low-carbon economy and environmental finance theory. As an important part of financial institutions and a main participant of the carbon market, china's commercial banks practice carbon finance, which has great significance for the development of china's low-carbon economy and financial sustainability. Based on the Marcel Jeucken four-stage approach of bank's attitude towards sustainable development, this paper needs further comparative analysis and countermeasure's study about china's commercial bank in the development of carbon finance.Discussion of this paper will further enrich and develop the theory of financial support for economy, promote combination between low-carbon economy and environment finance theory, and deepen the study of carbon finance. Based on explaining carbon finance theory, it focuses on commercial banks'empirical study as the example of financial support for low-carbon economy. With typical cases of the Netherlands Bank and Industrial Bank in carbon finance practice, it generally analyses the problems of Chinese carbon finance's development and put forward Corresponding countermeasures and suggestions, to provide a meaningful reference for government environmental departments and financial supervision departments to constitute policies of implementing energy conservation, emission reduction and optimizing economic structure.This thesis is composed of four parts. The first part simply introduces research background and significance, then reviews the research of low-carbon economy, Environmental Finance, carbon finance and other aspects of the research and analyses ideas of this paper. The second part analyses relevant carbon finance theory, mainly including the relationship between carbon finance and low-carbon economy, overview of carbon credit trading, the status of international carbon financial development, the implication, function, system of carbon finance, and the commercial banks'main content in carbon finance practice. The third part focuses on examining the status of our main financial institutions-commercial banks'carbon finance practice:Empirically study on commercial banks in supporting the development of low-carbon economy, analyses and draw lessons from the typical experience of domestic and foreign financial institutions in carbon finance practice, and finds the problems which exist in china's finance to support the development of low-carbon economy. On basis of the previous analysis, the fourth part makes some recommendations on developing carbon finance in government's macro policy, commercial banks and capital market aspects.
Keywords/Search Tags:Low-carbon economy, Commercial banks, Carbon finance, Carbon trading, Financial support
PDF Full Text Request
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