A Comparative Study On The Development Of Chinese And United States Green Bonds

Green Bond as a new type of financial instrument,which promotes green development by raising more personal funds.Green bonds is increasingly attractive to the public on concerning about the environment and health problems.In the 20 th century,Europe and the United States government have been issued railway bonds,war bonds and special bonds.For instance,the special bond which could collect scattered private investment to implement the project construction,in order to achieve a win-win purpose.The basic idea of this thesis is to analyze the domestic and foreign green bond market situation by analyzing the two cases of “DC water Municipal Green Bond”and 16 Beijing Green debt,and explore the shortcomings of China green bond market relative to the international market and make recommendations on the development of the domestic green bond market.The research methods used include literature,case law and comparative analysis.China green bond market development still has some gaps to foreign,but with the Chinese government put forward the “green finance ”and “green development ”concept of development,the domestic green bond market bond market will enter the golden age.In this thesis,the United States “DC Water green debt ”and China “16 Beijing steam green debt” as an example of Comparative analysis,with a view to the development of domestic green bond market to provide reference and inspiration.If we can consider both economic and environmental benefits of the Green bonds,it will engage beneficial impact on economic development,enhancing the overall social welfare,and achieve the sustainable development of society.