The Study Of The Problem On The Development Of Green Credit Business Of Commercial Banks In China

UN climate convention marked that countries emphasis on environmental issues in the1992.They hoped to reduce greenhouse gas emissions, river pollution and so on through joint efforts.Then to alleviate the bad influence of environmental problems on people’s health and dailyactivities. With the rapid development of economy of our country in recent years, environmentalpollution has become a serious problem. Many northern cities were plagued by the haze weather.They rarely see a sunny day in a year.So the environment problem urgently need to be solved.Our government also proposed to protect the environment, sustainable development route, suchas the eighteenth big puts forward our country to carry out economic construction, politicalconstruction, cultural construction and ecological civilization construction. So the internationalBanks make the equator principles as the basic principles for banking and internationalorganizations to protect the environment. Our government made the green credit policy to governenvironment. It aims to promote the improvement of the environment and social sustainabledevelopment by reasonable efficient allocation of funds of financial institutions. The green creditof Commercial Banks in China has developed for many years and achieved remarkable results.However, because of some problems, compared with the developed countries, it developsrelatively slowly.Firstly this article defines the concept of green credit and briefly introduces theimplementation and theoretical basis of green credit policy, which introduces the sources of thegreen credit—the equator principles in detail, including project financing and the interactionmechanism of the stakeholders. Secondly it analyzes the driving force of our government andcommercial banks to develop green credit through two simple game models. Thirdly itintroduces the experience for the development of green credit in the developed countries in theworld and analyzes the current situation of development of domestic commercial banks to findout the green credit problems in the development of China’s commercial banks.Finally, aiming at the existing problem of developing green credit in our countrycommercial banks, the article puts forward the related suggestions. On the one hand, thegovernment should improve the legal system, strengthen the cooperation between theenvironmental protection department and commercial banks, build the mechanism of informationcommunication platform and information disclosure, and vigorously promote environmentalprotection consciousness and guide private capital flow to the right. On the other hand, the bankshould draw lessons from the advanced experience of Germany about the introduction of the market mechanism, cultivate inter-disciplinary talent and environmental risk managementpersonnel, and develop the green financial products and so on. We hope to effectively promotethe development of the green credit of commercial banks in China.