Low Carbon Finance: Present Situation and Future Development in China

Some commercial banks in China active in the implementation of green credit policy, got remarkable results. Some local governments actively promote on the progress of the green credit policy. However, many problems encountered in the implementation of low carbon finance in China. In the future, China is going to actively develop a strategic planning of low-carbon finance development, improve the legal framework for financial supervision, regulate the development of carbon finance, foster low-carbon financial innovation mechanism, innovate and develop a variety of low-carbon financial instruments, improve low carbon financial intermediation services to carry out low-carbon finance, actively promote an international carbon trading process of the renminbi-denominated.