Research On Explanding Low-carbon Financial Business Of Policy Banks

Climate change has become the core of today’s global problems. Protection ofhuman survival environment, gradually become the consensus of the whole society.The development of low-carbon economy is an effective way to address climatechange and achieve sustainable economic and social development. The national"12th Five-Year Plan is clear that the efforts to build a resource-saving andenvironment-friendly society as to speed up the transformation of economicgrowth mode. The nurturing and development of low-carbon economy needs thesupport of the policy, technical, and financial capital of the Trinity, which is themost important financial support. Great efforts to develop low-carbon financenecessary conditions for China’s economic transformation.Low-carbon products have characteristics of quasi-public goods, showed alarge amount of investment, the payback period is long, high-risk, profitexpectations are not clear and so. Therefore, the pursuit of liquidity, safety andefficiency of the external economic and commercial banks in low-carbon financebusiness objective contradictions, leading to China’s low-carbon industries intofinancial difficulties. Therefore, required to solve the problem of financing oflow-carbon economy with the power of government, while the government’s movewould affect the effect of specific policies, policy banks, however, precisely as themain bridge of government intervention in the market to play a to nurture andimproved low-carbon market an important role.Policy banks should play a leading role in China’s low-carbon financialsystem, and actively guide social capital to invest in the construction of alow-carbon economy. The one hand, the development of low-carbon financial services policy banks to promote business transformation, and the need to promotesustainable development; the other hand, the policy banks can crack theinformation asymmetry characteristics of carbon in the development of financialmarkets, as well as the risk through the development of financial exposure orcredit gap, build new target for carbon financial markets as well as theconstruction of market-specific system, and thus pulling the carbon finance marketis healthy and sustainable development. The mode of operation of thedevelopment financial policy banks can be used in the process of expansion oflow-carbon finance business, the entrance of the project that is selected by thegovernment’s point of view first, and then carry out the development financialincubations, finally, the export market. Meanwhile, the policy banks shouldactively improve the support system for the expansion of low-carbon financebusiness.