The Construction Of Green-credit System Based On The Circular Economy Development Strategy

Since China’s reform and opening up, its economic has made remarkableachievements.But have to notice that China’s economic development is still rely on thepredatory use of resources, extensive growth in energy intensive and highly polluting.Ourmain resources per capita is far lower than the world average.And we are still in extensivegrowth mode, domestic resources supply is difficult to ensure economic and socialdevelopment needs.Important minerals, energy, water, land and other resources will furthershortages,Important resources external dependency will rise further.sustainable developmentwill face situations of lack of energy resources.In all of the industry in China, energy intensive and highly polluting in the steel industryis particularly prominent.In2012China’s steel industry unit energy consumption is higherthan the world’s advanced level of50%,Every new water consumption of per ton steel is3to5times more than the world average, each tonne of steel dust emissions is four times morethan the world’s advanced level, steel sulfur dioxide emissions of each tonne is more thandoubled than the world’s advanced level.High energy consumption and high pollution destroyChina’s ecological environment.The18th National Congress of the Communist Party of China report definitely requireconstructions of ecological civilization and beautiful China,and establish target system,evaluation methods, rewards and punishment mechanism and evaluation system.Theevaluation system of recycle economy is the premise of circular economy from theory intoreality,Green credit evaluation system is a powerful guarantee for developing circulareconomy.So the evaluation system of circular economy and the credit evaluation system offinancial institutions are the two important problems in circular economy.However moreimportant is how to combine the systems and establish a complete set of the circular economyevaluation and investment system.After practical research and fully understand,use the hierarchical analysis method andthe entropy value method to analyze the steel industry circulation economy.With advanceddomestic bank credit evaluation system,trying to establish a set of more perfect green creditevaluation system.And try to innovation products of basing on the emission of CERs carbonIV sequestration project loans, loans to low carbon ABS, pollution-discharge right mortgage.Green-credit system is the way to realize the development of circular economy.Onlyproposed a set of scientific green credit evaluation index, can we play a guide role to thedevelopment of circular economy,can we change the high pollution and high energyconsumption of the steel industry,can we solve the financing problems of these industries,canwe truly achieve the circular economy and sustainable development,can we really reduce thebanking credit risk.