中国绿色债券发展及中外标准比较研究

The Development of Chinese Green Bonds and A Comparative Study of Chinese and Foreign Standards

中国发展绿色债券是生态文明建设的有效实践,可缓解节能环保企业融资难、融资贵问题,有助于拓展金融机构业务空间以及满足投资者多元化投资需求。发展中国绿色债券的可行性在于其具备稳定的顶层设计基础、积极的政策环境基础、良好的市场基础、潜在的投资者基础。中外绿色债券在发展路径、项目分类覆盖范围、募集资金管理、信息披露、第三方认证以及激励措施等方面存在差异。据此,本文提出如下建议:统一对绿色债券的界定和项目分类;对募集资金使用实施特殊管理;绿色债券应有统一的信息披露标准;鼓励绿色认证;出台激励措施。

The development of Chinese green bonds can help solve the problems of the difficult and costly financing of green and energy-saving enterprises, expand business scope of financial institutions and meet investor＇s demand for di- versified investment. The development of green bonds has stable top-level design base, positive policy-environment base, good market base and potential investor base. Chinese bonds are different from foreign bonds in development path, cov- erage of product classification, management of raised funds, information disclosure, third-party certification, incentive measures, etc. It＇s needed for the development of Chinese green bonds to unify the definition and classification of green bonds, implement the special management of raised funds, unify the information disclosure standards of green bonds, en- courage green certification, and draw up incentive measures.