Problems And Countermeasures in The Development of Green Credit in China

Abstract

In the context of global climate change, China has put forward the goal of "double carbon", and green credit has become the core financial tool of green economic transformation. At present, China's green credit scale is expanding rapidly, but it faces three structural contradictions: at the policy level, there are institutional obstacles such as vague standards, insufficient incentives, and weak cross-departmental regulatory coordination; There are some technical shortcomings in risk management, such as difficulty in quantifying environmental risks, mismatching of time limit and asymmetric information. Products and services are characterized by serious homogenization, insufficient innovation tools, and lagging application of science and technology. This paper proposes solutions by constructing the "policy-market-technology" trinity coordination mechanism: 1) Establish a classification standard system that is in line with international standards, and strengthen the construction of cross-departmental data sharing platform; 2) Develop a climate scenario stress test model and build a government-led risk sharing mechanism; 3) Innovate supply chain finance and carbon finance products, and use blockchain and AI technology to improve the efficiency of the whole process management. It is found that through system optimization, technology empowerment and market deepening, the financing problems of small, medium and micro enterprises can be effectively solved, sustainable financial support can be provided for the transformation of high-carbon industries, and the realization of the "dual-carbon" goal and high-quality economic development can be helped.