Sustainable and Healthy Development of Green Finance of Large Commercial Banks under the Vision of Carbon Neutrality

DOI

10.2991/978-94-6463-036-7_273How to use a DOI?

Keywords

commercial bank; green finance; carbon neutrality; sustainable development

Abstract

As China moves towards the “dual-carbon” goal, financial organizations have been racing on the track of green finance. Large commercial banks are engines that drive real economy and lead the nation towards the dual-carbon objective. How to allow these banks to shoulder the social responsibilities for green development and promote transformation into green financial services and quality development has become a crucial research topic. In light of the advanced practice of other countries and China’s focus in its transformation towards green and low-carbon development, the work here analyses the current conditions of large commercial banks, and explores the challenges that the banks face in its endeavour towards green and low-carbon development as well as the corresponding causes. On that basis, it is advised that banks should adjust their product design and service philosophy to meet the requirements set by the nation as it approaches the dual-carbon goal, take effective measures that involve both top strategic planning and fundamental policy implementation to achieve sustainable and healthy development of green finance. The work here is expected to explore a new path to lead banks towards quality and green development, and provide useful advice to facilitate China’s initiatives to reach the goal of peak carbon dioxide emissions and carbon neutrality.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jun Qiu
PY  - 2022
DA  - 2022/12/31
TI  - Sustainable and Healthy Development of Green Finance of Large Commercial Banks under the Vision of Carbon Neutrality
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1827
EP  - 1832
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_273
DO  - 10.2991/978-94-6463-036-7_273
ID  - Qiu2022
ER  -