Research on the Current Situation, Challenges and Path of Green Finance Development in China under the Background of "Double Carbon"

Abstract

As the world's largest carbon emission country, China has put forward the "double carbon" goal in order to better respond to climate change, and the development of green finance is an important measure to implement sustainable development and achieve the "double carbon" goal. This paper takes green finance under the background of "double carbon" as the research object, combines the current development of green finance in China, and summarizes the challenges faced by green finance in China from five aspects: institutional system, product innovation, carbon trading market mechanism, information disclosure, and risk assessment. Finally, according to the internal requirements of the "double carbon" goal and the basic national conditions of China, we propose solutions from the four dimensions of establishing a restraint and incentive mechanism, promoting product innovation, attaching importance to talent cultivation, and strengthening international cooperation, aiming at providing suggestions for the development of green finance in China.