Over the past 30 years, China has developed rapidly to become the world’s second largest economy, reaching the status of a middle-income country. Realizing this success, however, has involved a development approach entailing massive and inefficient resource use, and extensive damage to the quality of air, water and soil. Transforming from a resource- and pollution-intensive economy to a green economy is now a strategic priority for China. Success depends on the development of green industries and the transformation and reduced importance of many traditional industries. Success will be built heavily on green finance, and this is where China is headed.
The aim of this book is to develop specific proposals for greening China’s financial system, based on an analysis of current practice in China and an exchange of experience with international experts. The book proposes a framework for actions covering five key areas that, if adopted by the Chinese government, would promote the systematic development of green finance:
A. Establish and strengthen legal frameworks, including environmental laws and law enforcement that contribute to the demand for green finance.
This document presents lessons learned from over twenty Climate Public Expenditure and Institutional Reviews, a key tool for country decision-makers to improve their understanding of how and how much they are spending on their national climate change responses, and to identify public programmes with climate change objectives or co-benefits in which governments are investing.
GGGI and the G-24 have released eight new working papers exploring the challenges and opportunities for scaling up green infrastructure finance in developing countries.
Reducing the amount of black carbon – which includes soot from diesel buses and cookstoves – in the atmosphere offers a relatively speedy way to realize climate benefits plus help improve people’s health. A new study identifies how to boost financing for projects to reduce black carbon, many of which also offer benefits for local communities.
Steven Stone, Chief, Economics and Trade Branch at UNEP discusses the launch of a new conservation fund 'Biofund' in Mozambique.
This second edition of the handbook is designed to serve as a guide for policymakers and practitioners in mainstreaming poverty and the environment into planning and budgeting processes. It is based on nearly a decade of experience from the Poverty-Environment Initiative, a collaboration between the United Nations Development Programme and the United Nations Environment Programme.