The Study On Green Bonds Standard Based On International Experience

At present,the world is pursuing how to achieve a win-win situation between the environment and the economy.Therefore,improving the utilization of energy and developing green industries and green projects are the primary issues to be resolved.Due to the long duration and long return period,financing is a serious obstacle to the development of green projects.Green finance is an effective tool to provide financial support for green projects based on a series of advantages such as long term and low cost,and they are also one of the most efficient green financial products.Therefore,the development of green bonds in the future will lead the trend.For now,although China's green bonds have just been started,the rapid development speed can't be ignored with various policies working as a support.However,at present,China's green bond standards are still not perfect,and there is still much room for improvement.As international green finance started earlier,green bond development is much more mature,and green bond standards are also relatively perfect.Therefore,this paper analyzes and compares the similarities and differences between international and domestic green bond standards to provide reference for the development of domestic green bonds.Taken together,the green bond standards developed at home and abroad have a high level of consistency at the first-level catalog.However,due to the fact that China's special energy structure is different from that of developed countries in the world,social development is also at different stages.Therefore,there are certain differences between the formulation of green project standards and international standards,such as the breakdown of the definition of green projects,the requirements for the management of raised funds,information disclosure requirements,third-party certifications,incentives,and many other aspects.Imperfect green bond standards will hinder the standardized issuance and scale expansion of green bonds,and international inconsistent standards will affect China's green bonds into the international financial market.As for the future development direction of domestic green bond standards,it will gradually be in line with international standards on the basis of adapting to national conditions.