The G20 value of green financial "green" where: low carbon economy and environmental governance — energy — people.com.cn original title: G20 value of green financial "green" where: low carbon economy and environmental governance G20 value of green financial "green" where although green finance has made some progress, but there is only a very small percentage of bank loans is explicitly defined as green loans. Labeling of green bonds in the global bond market accounted for less than 1%. China needs to invest about $600 billion annually in the green area for environmental remediation and conservation, renewable energy, energy efficiency and green transportation. No more than 15% of the money will come from public or government channels. The establishment of green financial system has become a national strategy. Finance is the lifeblood of the economy, the green financial power, energy saving and green mountain become more clear vision, is expected to achieve faster. September 5th closing of the group of twenty (G20) leaders of the Hangzhou summit communique (hereinafter referred to as the communique), emphasizing the importance of expanding green finance. This is the first time in the annual summit of G20 leaders mentioned green finance. Under China’s initiative, green finance for the first time this year was included in the G20 agenda. G20 leaders expressed appreciation for the voluntary initiatives proposed by the G20 green finance research group. The communique mentioned, welcome the green financial research team submitted by the "group of twenty green comprehensive financial report" (hereinafter referred to as the "report") and optional measures by the initiative, to enhance the ability of the financial system to mobilize private capital to carry out green investment. Zhou Xiaochuan, governor of the people’s Bank of China, said in Washington on April that the global financial system needs to play a leading role in mobilizing social capital to invest in green areas and to take appropriate incentives. Mark, governor of the Bank of England,, said: "the adverse effects of climate change are a serious threat to economic recovery, growth and financial stability, Carney (Mark). Taking into account the size of the required investment capital, financial markets need to transition to a low carbon economy." What is green finance? Before the G20 summit in Hangzhou, the people’s Bank of China chief economist Ma Jun introduction, green finance refers to the environmental benefits to support sustainable development of investment and financing activities. These environmental benefits include reducing air, water and soil pollution, reducing greenhouse gas emissions, improving resource use efficiency, slowing down and adapting to climate change, and reflecting their synergistic effects. Bie Tao, deputy director of the Ministry of environmental protection policies and regulations, told the first Financial Daily reporters: China’s current environmental governance task is arduous, huge demand for environmental investment, the construction of the green financial system is the right time." The development of green China: leading the green financial development according to the "First Financial Daily" the reporter, in December 15, 2015 China initiative, held in Sanya, the G20 of Finance and central bank deputies during the meeting agreed to chair the G20 in 2016 China established G20 of green financial group (hereinafter referred to as the "group"), CO chaired by the people’s Bank of China Chinese and Bank of England, the United Nations Environment Programme (UNEP) as the secretariat. Group participants from all G20)相关的主题文章: