The Effects Of Green Credit On Adjustments Of Industrial Structure

In recent years, global environmental issues are gradually getting more attention fromcountries. Environmental deterioration, global warming are challenging human civilization.With the development of economy, China’s environmental problems get exacerbating.Water and soil loss, deforestation and haze trouble people’s everyday life and restrict thedevelopment of economy. The main reason of this is that we ignore the protection of nature.Extensive exploitation destructs eco balance and vice verse. Facing this severeenvironmental and live issue, professors from each country propose low-carbon economyas the solution. Chinese government also tried hard to protect and improve environment, forexample, China put forward sustainable development in1980s and scientific developmentin2003. Under this backdrop, the social and environmental responsibilities of financialinstitutions are closely watched. National governments aim to break the impasse betweeneconomic development and environmental protection and try to realize sustainabledevelopment by adjusting the function of financial institutions.This paper firstly elucidates the relationship between green credit and adjustment ofindustrial structure, analyzing the feasibility and mechanism of action between two of them.Then, the dissertation analyzes the status and problems of green credit from2007, findingout the deficiency and room for improvement by comparing with abroad advancedexperience. At last, the essay makes suggestions on better development of green credit andhow to make it more effective to adjust industrial structure. The suggestions include:prompting the construction of green credit legal system, setting differentiating “two high”industrial exit mode, perfecting docking mechanism for green credit and industrial policies,optimizing mechanism for environmental information disclosure and sharing, practicing thegovernmental incentives for green credit, cultivating specialists for innovating green creditproducts. For implementing the goal of transferring the economic growth pattern in “the12thfive year plan” and realizing sustainable development, each functional departmentshould intensify cooperation with green credit works in banking industry, expanding thedepth and extension of green credit, fully exerting the impact of green credit on adjustmentof industrial structure and opening up a new way for sustainability.