Abstract
Abstract
This study explores China’s implementation of a green financial system to combat the urgent climate emergency and achieve sustainable development amid rapid industrial and urban development. The research examines the current state of green finance in China, including its development, challenges, and future directions. The study finds that China has made significant progress in establishing green finance, being a leader in green financial products like green bonds and credits. Moreover, as suggested by some literature, green finance products could lead to CO2 reductions. However, challenges still remain, such as promoting green insurance, establishing a unified green financial system, and addressing the lack of asymmetry in green financial information. This research provides an essential contribution to the growing body of knowledge on green finance, offering useful insights into China’s unique approach to sustainable development through green finance.
Funder
National Natural Science Foundation of China
Subject
Atmospheric Science,Earth-Surface Processes,Geology,Agricultural and Biological Sciences (miscellaneous),General Environmental Science,Food Science
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