Tracking the implementation of green credit policy in China: Top-down perspective and bottom-up reform

被引:249
|
作者
Zhang, Bing [1 ]
Yang, Yan [1 ]
Bi, Jun [1 ]
机构
[1] Nanjing Univ, Sch Environm, State Key Lab Pollut Control & Resource Reuse, Nanjing 210093, Peoples R China
关键词
Green credit; Banking sector; Environmental responsibility; Environmental risk management; Policy implementation;
D O I
10.1016/j.jenvman.2010.12.019
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The Chinese government has introduced the green credit policy to mitigate the environmental impact of industrialization by reining in credit loans to companies and projects with poor environmental performance. This research investigated the implementation of the green credit policy both at the national and provincial levels. Our results show that the green credit policy is not fully implemented. The wide-ranging impact on high-polluting and high energy-consuming industries, vague policy details unclear implementing standards, and lack of environmental information are the main problems in the implementation of the green credit policy in China. On the other hand, the practice at local level (Jiangsu Province) is more practical by integrating green credit policy with the environmental performance rating system. Finally, suggestions are outlined to improve China's green credit policy. (C) 2010 Elsevier Ltd. All rights reserved.
引用
收藏
页码:1321 / 1327
页数:7
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