Study On Green Credit System In China Under The Ecological Civilization

Since China’s reform and opening up, the success of China’s economic developmentattracts the attention of the world. But it is faced with the contradictions between rapideconomic growth and resource consumption, ecological environment protection. Andenvironmental pollution and destroy of the ecological environment in some areas and fieldsis particularly serious. Faced with such serious environmental problems, our countrypointed out in the12th five-year plan for green development, building aresource-conserving and environmentally friendly society.18th CPC National Congressalso stressed to speed up the build system of ecological civilization, improve institutionsand mechanisms of the national spatial development, resource conservation, ecologicalenvironment protection, promote the harmonious development of man and nature newpattern of modernization construction.In order to solve the increasingly serious environmental problem in our country,various industries in China have made some adjustments. Financial industry which holdsthe enormous economic resources plays an important role in promoting environmentalprotection and transformation of the mode of development. Green credit policy put forwardwell adapted to our country’s industrial policies and environmental economic policies, andpromote the development of green industry, which get praise and affirmation from all levelsdepartments after its proposed. But after a period of practice, the green credit policybrought about by the actual effect that is not in line with expectations, issued by the bank ofthe green loan amount is not much, especially the green credit amount accounted for theproportion of annual loan growth is slow and has a downward trend, and aroused thepromotion of environmental protection effect is not obvious. On the other hand, since theimplementation of green credit policy, the policy system is not perfect, there is no clearregulation and regulatory departments have caused the banks only doing "face" engineeringor business for it "drift" green, developing green credit policy superficially. In response to aseries of problems, how the green credit policy can really work to reach the expected goalhas become a significant research subject.Based on the study of domestic and foreign literature about the green credit policy,through the theoretical analysis and empirical analysis, comparative analysis, thecombination of macro and micro analysis combined with the research methods and so on,the author tries to find out the cause of failure of the green credit policy, from theperspective of policy makers, policy regulators and policy implementers comprehensive deeply analyzes and finds the following questions. Policy makers have released detailedrules for the implementation of green credit policy is incomplete, the policy binding is lowand the lack of corresponding incentive mechanism, which leads to the present situation ofthe commercial banks to develop green credit policy is slow. Another reason of the slowdevelopment of green credit policy is that there is no clear regulator and the assessment ofcommercial banks to complete the green credit policy standard is not perfect. From thecommercial bank itself, most of the commercial bank’s environmental protectionconsciousness is not strong and the implementation of green credit policy conflicts with thetarget of commercial banks, which will affect the commercial banks to implement greencredit policy. The commercial banks in the process of implementation of green credit policylack normative standard which also makes policy development slow.In this paper, based on the cause of slow development of China’s green credit policy,the United States, Japan, Britain and Germany are introduced to carry out the advancedexperience of green credit policy, and draw lessons from the earliest Industry Bank to jointhe equator principles and developing green credit policy advanced cooperation mode,seeking the effective ways to solve the problem. Policy makers should establish a set of thecombination of rewards and punishment mechanism and the detailed rules for theimplementation of green credit policy. On this basis, the relevant government departmentsshould jointly establish regulatory authorities and formulate a set of evaluation standards onthe implementation of green credit policy. Commercial banks should strengthen onideology should play the attention to the green credit policy, and then regulate the behaviorof the implementation of green credit policy from multiple aspects. Finally, in the effort tocooperate with the participants to break the bottleneck for the development of green creditpolicy, to promote transformation of China’s economic growth mode and adjustment ofeconomic structure, which achieve rapid economic development and improve the ecologicalenvironment of win-win situation.