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Green Finance And The Belt And Road Initiative
Green finance is officially promoted as an important feature of the Belt and Road Initiative, China's signature global economic development initiative. The official vision for the BRI calls for an environmentally friendly "Green Belt and Road". Policy Chinese policy documents for the BRI coordinate and encourage green finance and investment. The Ministry of Ecology and Environment with four other ministries released the "Guidance on Promoting a Green Belt and Road" in 2017. A section of the policy document covers mobilizing capital for financing green projects using "international multilateral and bilateral cooperative institutions and funds, such as Silk Road Fund, South-South Cooperation Assistance Fund, China-ASEAN Investment Cooperation Fund, China-Central and Eastern Europe Investment Cooperation Fund, China-ASEAN Maritime Cooperation Fund, Special Fund for Asian Regional Cooperation and LMC Special Fund." Policy banks, Policy institutions like the China Development Bank and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Finance
Sustainable finance is the set of financial regulations, standards, norms and products that pursue an environmental objective. It allows the financial system to connect with the economy and its populations by financing its agents while maintaining a growth objective. The long-standing concept was promoted with the adoption of the Paris Climate Agreement, which stipulates that parties must make "finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development." In addition, sustainable finance had already a key role to play in the European Green Deal and in other EU International agreements, but since the COVID-19 pandemic its role is even more important. In 2015, the United Nations adopted the 2030 Agenda to steer the transition towards a sustainable and inclusive economy. This commitment involves 193 member states and comprises 17 goals and 169 targets. SDGs aimed at tackling current global challenges, including protecting the planet. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |