With China＇s rapid economic development, environmental issues and social development issues become increasingly prominent, global warming, fog and haze, urban environmental pollution is becoming a major obstacle to C...With China＇s rapid economic development, environmental issues and social development issues become increasingly prominent, global warming, fog and haze, urban environmental pollution is becoming a major obstacle to China＇s sustainable development. In this context, the development of low-carbon economy has become the focus of urban construction and economic development. Carbon finance, as a product of low-carbon economy in the context of financial innovation, combines the low-carbon industries and economic development together, and has significant effects on low-carbon economy development and low-carbon urban construction. To build financial support system under the low-carbon economy circumstance, to develop carbon finance, is the necessary way China has to go through to develop a low-carbon economy, and also is the inevitable reouirement to achieve sustainable economic development.展开更多
This paper gives a systematic view of the new trends of global carbon finance innovation under the challenge of global climate change and in the process of transition to achieve economic growth from "high carbon&...This paper gives a systematic view of the new trends of global carbon finance innovation under the challenge of global climate change and in the process of transition to achieve economic growth from "high carbon" to 'low carbon",covering the following aspects:the structure,status quo and developing trend of global carbon market.The paper discusses the innovation in financial organization and service systems and governments' overall guidance and policy support,and draws the conclusion that the world is undergoing massive changes with governments actively responding to carbon finance to embrace the tremendous opportunities for clean energy and climate change in financial industry.To seize the opportunity,a complete and overall carbon finance system of China should be put in the top of the agenda.Given the current tasks of energy conservation and pollution reduction and the growing demand for capital input,China needs to construct an clear of policy guidance,a diversified financia service system,and a multi-approach carbon finance system to intensify and widen the participation of financial industry,to expand financing channels for sustainable economy and spread risks,and finally,work out an inexpensive solution to the realization of China's low carbon target.展开更多
This paper uses a VAR model to empirically analyze the impact of economic growth,financial development,and urbanization on carbon emissions of the ASEAN countries from 2000 to 2013. The empirical results show that eco...This paper uses a VAR model to empirically analyze the impact of economic growth,financial development,and urbanization on carbon emissions of the ASEAN countries from 2000 to 2013. The empirical results show that economic growth and carbon emissions,and financial development and carbon emissions have unidirectional Granger causality relationships. Economic growth and urbanization will increase carbon emissions,while financial development will reduce carbon emissions during the initial stage but have little impact on carbon emissions over the long term. Economic growth and urbanization are the main variables to forecast the degree of variance of carbon emissions,while financial development is the least important variable to forecast the degree of variance of carbon emissions. Finally,this study puts forward policy suggestions on improving environmental quality as economic growth,financial development and urbanization occur.展开更多
文摘With China＇s rapid economic development, environmental issues and social development issues become increasingly prominent, global warming, fog and haze, urban environmental pollution is becoming a major obstacle to China＇s sustainable development. In this context, the development of low-carbon economy has become the focus of urban construction and economic development. Carbon finance, as a product of low-carbon economy in the context of financial innovation, combines the low-carbon industries and economic development together, and has significant effects on low-carbon economy development and low-carbon urban construction. To build financial support system under the low-carbon economy circumstance, to develop carbon finance, is the necessary way China has to go through to develop a low-carbon economy, and also is the inevitable reouirement to achieve sustainable economic development.
文摘This paper gives a systematic view of the new trends of global carbon finance innovation under the challenge of global climate change and in the process of transition to achieve economic growth from "high carbon" to 'low carbon",covering the following aspects:the structure,status quo and developing trend of global carbon market.The paper discusses the innovation in financial organization and service systems and governments' overall guidance and policy support,and draws the conclusion that the world is undergoing massive changes with governments actively responding to carbon finance to embrace the tremendous opportunities for clean energy and climate change in financial industry.To seize the opportunity,a complete and overall carbon finance system of China should be put in the top of the agenda.Given the current tasks of energy conservation and pollution reduction and the growing demand for capital input,China needs to construct an clear of policy guidance,a diversified financia service system,and a multi-approach carbon finance system to intensify and widen the participation of financial industry,to expand financing channels for sustainable economy and spread risks,and finally,work out an inexpensive solution to the realization of China's low carbon target.
基金Humanities and Social Science Research Project for Educational Co-operation of Academies Supported by Education Commission of Yunnan Province(Z2016362001)The Social Science Foundation of Shaanxi Province(2015D060)
文摘This paper uses a VAR model to empirically analyze the impact of economic growth,financial development,and urbanization on carbon emissions of the ASEAN countries from 2000 to 2013. The empirical results show that economic growth and carbon emissions,and financial development and carbon emissions have unidirectional Granger causality relationships. Economic growth and urbanization will increase carbon emissions,while financial development will reduce carbon emissions during the initial stage but have little impact on carbon emissions over the long term. Economic growth and urbanization are the main variables to forecast the degree of variance of carbon emissions,while financial development is the least important variable to forecast the degree of variance of carbon emissions. Finally,this study puts forward policy suggestions on improving environmental quality as economic growth,financial development and urbanization occur.
