Green Finance
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What Is Green Finance?
Green finance is a phenomenon that combines the world of finance and business with environmentally friendly behavior. It is an arena for many participants, including individual and business consumers, producers, investors, and financial lenders. Green finance can be expressed differently depending on the participant, and it may be led by financial incentives, a desire to preserve the planet, or a combination of both. In addition to demonstrating proactive, environmentally friendly behavior, such as promoting mass transit or the recycling of used goods, green finance is about avoiding the promotion of any business or activity that could be damaging to the environment now or for future generations.Financial institutions that extend lending to individuals, small businesses, or large corporations can do so in an environmentally friendly manner. In this type of green finance, loans are used to promote the proliferation of renewable energy, for instance. A lender could finance the development of a solar power plant that generates power from the sun and panels installed on the roof of a building or residence. Wind power generation is another type of business that would win favor with green financiers. These companies develop expensive wind farms that use large turbines onshore and offshore to capture the wind and generate energy.
China plays constructive role in global economic governance
The summit also included green finance on its agenda for the first time and laid out the first global framework for multilateral rules governing investment, leaving a clear Chinese imprint on G20 history. From time to time, China has shown the world its capability in turning vision to consensus and turning constructive proposals into reality. Seeing the success in China-proposed platforms, the world will surely have more confidence in and higher expectation for China's role in improving global economic governance.
China leads global Q3 green bonds issuance: report
China had the leading share of global green bonds issued in the third quarter of the year, according to international rating firm Moody's latest report.? Moody's Investors Service pointed out that global green bonds volume reached another peak during the third quarter, with the strongest ever quarterly issuance, about 26.1 billion US dollars.? Significant issuances from Chinese banks marked a return of the pattern observed in the first quarter, leading China to account for 44 percent of global issuances.? With very strong first and third quarters, Chinese issuers led issuances in 2016 with 32 percent of total volume at 63.2 billion US dollars in the first nine months of the year, followed by US-based issuers and supranational development banks, the report showed.? China released guidelines in late August to establish a sound green finance mechanism, encouraging green bonds and other financial products.? The country also included green finance on the?G20?agenda for the first time in history.? Due to robust offerings from Chinese financial institutions in particular, full-year issuance could exceed 80 billion US dollars, not far off a doubling of issuances in one year. Previously, it took nine years for there to be a doubling of green bonds issued, according to Moody's.? While still small in absolute terms, this development reinforces the acceleration in addressing climate change, which was also echoed in the speed the?Paris Agreement?on climate change came into force, Moody's said.
Knowledge Graph
Examples
1 The development of “green finance” and “carbon finance” is the only way for financial industry supporting low-carbon economy.
2 The green finance already became the International organization, the government, the enterprise universal attention focal point.
3 3.The existing Green Finance system has been established the basic framework, but betterment is need.