Analysis and suggestions on restrictive factors of green credit implementation

DOI

10.2991/febm-17.2017.136How to use a DOI?

Keywords

environmental protection, green credit, credit risk, policy recommendations

Abstract

The cost of resources and environment for economic growth in China is too large. From the perspective of property rights, this is because the cost of enterprises using environmental resources is often highly externalized. The "market failure" caused by this externality is the root cause of environmental degradation. This paper analyzes the implementation environment and practical significance of green credit from the perspective of economics, and reviews the relevant research literature, discusses the preliminary implementation of green credit in financing institution and the existing problems and risks of green credit from perspectives of tripartite duty, environmental assessment fairness and timeliness, institutional profit. Then the paper puts forward the policy proposal to further and better implement the green credit, try to use the third party supervision to construct the interest coordination mechanism, and use law, finance and taxation to promote the social responsibility of the main body and establish intellectual support platform and environmental data sharing information. Use these means to provide advisory reference for China to effectively carry out green credit, strengthen environmental protection and management, and implement ecological civilization strategy.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qian Cao
AU  - Wenxin Tan
PY  - 2017/10
DA  - 2017/10
TI  - Analysis and suggestions on restrictive factors of green credit implementation
BT  - Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SP  - 1012
EP  - 1023
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.136
DO  - 10.2991/febm-17.2017.136
ID  - Cao2017/10
ER  -