Research on Green Finance Standards Support Trade Facilitation

The core objective of the green financial problem is to establish a suitable living environment for human beings. It is essential to develop a unified green standards system which acting as the fundamental technological requirements. Green standard is the core for green finance participating in environmental protection and form ecologically oriented finance. The paper tries to investigate the trade effects of green standards while analyzing current development of China's national standards system. Empirical results confirmed increasing stock of national green standards may facilitate China's trade development and adoption or adaption of international green standards positively promoted China's foreign trade development. Therefore, it is necessary to establish a unified standards system concerning green finance. We should further enhance internationalization level of China's green standards system and actively advance the construction of China's national green standards system. Green finance standards may have a far-reaching impact on China's economy to the world.