Loading...
|
Please use this identifier to cite or link to this item:
https://nccur.lib.nccu.edu.tw/handle/140.119/56350
|
| Title: | 中國綠色信貸研究
The study of green credit in China |
| Authors: | 陳新寧
Chen, Hsin Ning |
| Contributors: | 黃仁德
Hwang, Jen Te
陳新寧
Chen, Hsin Ning |
| Keywords: | 綠色信貨
赤道原則
Green Credit
Equator Principles |
| Date: | 2011 |
| Issue Date: | 2012-12-03 11:32:16 (UTC+8) |
| Abstract: | This paper investigated the evolution of Green Credit policy in China and the progress of its implementation by Chinese banks. Confronted with increasing degradation of the environment and the poor energy and resource efficiency in China, Chinese government introduced the Green Credit policy in 2007 to tackle these problems by adopting market-based mechanisms to channel capital to energy-saving and environmental protection companies and projects while curbing credit loans to companies and projects with poor environmental performance.
The results of this paper show that a top-down system of Green Credit policy has taken shape in China, and Green Credit has proved to be an effective tool in combating environmental degradation and spurring sustainable finance in China with encouraging initial results. This study also reveals that in providing loans to energy-saving and environmental-friendly enterprises, state-owned banks made noticeable progress and did much better than joint-stock banks. Joint-stock banks in general were more conservative and cautious in providing loans to environment-friendly enterprises. The only exception is Industrial Bank, which adopted the Equator Principles in 2008. In exiting or withdrawing loans for “two high” sectors, there is a wide variation among banks, and there is no significant difference between state-owned banks and joint stock banks or between banks which are EPFIs and which are Non-EPFIs in this part. |
| Reference: | Aizawa, M. and C. Yang (2010), “Green Credit, Green Stimulus, Green Revolution? China’s Mobilization of Banks for Environmental Cleanup,” Journal of Environment & Development, 19, pp. 119-144.
Bartlett, J. (2005), “Addressing Concerns About Legitimacy: A Case Study of Social Responsibility Reporting in the Australian Banking Industry,” paper presented in 34th European Marketing Academy Conference, 24-27 May, Milan.
Bernstein, P., W. D. Montgomery, and S. D. Tuladhar (2006),“Potential for Reducing Carbon Emissions from Non-Annex B Countries through Changes in Technology,” Energy Economics, 28:5-6, pp. 742-762.
Carroll, A. (2006), Business and Society: Ethics and Stakeholders Management. Ohio: Thomson South Western.
CCICED (2009), Energy Efficiency and Environmental Economic Policies – CCICED Policy research report 2009. Beijing: China Council for International Cooperation on Environment and Development.
Chen, Y. (2009), “A New Challenge for China’s Financial Institutions: Knowing and abiding by the Equator Principles,” Business and Management, May, pp. 61-62. (In Chinese)
China Banking Association (2010), Chinese Banking Social Responsibility Report of 2009, Beijing: China Banking Association. (In Chinese)
Cogan, D. (2008), Corporate Governance and Climate Change: The Banking Sector. Boston: Ceres.
Economy, E. and K. Lieberthal (2007), “Scorched Earth: Will Environmental Risks in China Overwhelm Its Opportunities?” Harvard Business Review, 85:10, pp. 88-96.
Feldman, R. and G. Knapp (1990), “Catching the Privatization Wave,” Independent Energy, 20:3, pp. 70-72.
Fishel, M. (2007), Time to Go Green: Environmental Responsibility in the Chinese Banking Sector. Utrecht: BankTrack.
Goodwin, A., B. Jones, K. Kucko, and M. Smirnova (2008), “Chinese Innovations in Environmental Regulatory Policy,” paper prepared for Multi-State Working Group on Environmental Performance, available at www.lafollette.wisc.edu/publications/workshops/2008/china.pdf.
Hoepner, A. and J. Wilson (2010),“Social, Environmental, Ethical and Trust (SEET) Issues in Banking: An Overview,” in J. R. Barth, C. Lin and C. Wihlborg, eds., Research Handbook for Banking and Governance, (Cheltenham: Edward Elgar Publishing), pp. 427-457.
IFC (2007), “Banking on Sustainability: Financing Environmental and Social Opportunities in Emerging Markets,” available at http://www.ifc.org/ifcext/enviro.nsf/AttachmentsByTitle/p_BankingonSustainability/$FILE/FINAL_IFC_BankingOnSustainability_web.pdf.
International Rivers (2008). New Financiers and the Environment – Ten Perspectives on How Financial Institutions Can Protect the Environment. Berkeley: International Rivers.
Jeucken, M. and J. Bouma (1999), “The changing environment of banks,” Greener Management International, 27, pp. 21-35.
Jeucken, M. (2001), Sustainable Finance and Banking. London: Earthscan.
Jeucken, M. (2005), Sustainability in Finance – Banking on the Planet. Delft: Eburon.
Jiang, T. S. (2007), “Green GDP plan stays on back burner,” South China Morning Post, available at http://www.archive.scmp.com/showarticles.php.
Labatt, S. and R. White (2002). Environmental Finance: A Guide to Environmental Risk Assessment and Financial Products. New York: Wiley.
Lundgren, M. and B. Catasus (2000), “The Banks’ Impact on the Natural Environment,” Business Strategy and The Environment, 9, pp. 186-195.
Richardson, B. (2005), “The Equator Principles: The Voluntary Approach to Environmentally Sustainable Finance,” European Environmental Law Review, 14:11, pp. 280-290.
Scholtens, B. and L. Dam (2007), “Cultural Values and International Differences in Business Ethics,” Journal of Business Ethics, 75, pp. 273-284.
Thompson, P. and C. Cowton (2004), “Bringing the Environment into Bank Lending: Implications for Environmental Reporting,” British Accounting Review, 36:2, pp. 197-218.
Weber, O., M. Fenchel, and R. Scholz (2006), “Empirical Analysis of the Integration of Environmental Risks into the Credit Risk Management Process of European Banks, Business Strategy and the Environment,” Business Strategy and the Environment, 17, pp. 149-159.
Wu, Y. G. and J. Liu (2008), “On Rural Cooperatives Developing Green Credit Business,” Contemporary Economics and Trade, 22, pp. 203-204. (In Chinese)
WWF (2006), Shaping the Future of Sustainable Finance – Moving from Paper Promises to Performance, available at http://www.wwf.org.uk/filelibrary/pdf/sustainablefinancereport.pdf.
Xia, S. M. (2008), “Legalization of Green Credit policy,” Law Magazine, 4, pp. 55-58. (In Chinese)
Zhang, B., Y. Yang, and J. Bi (2011), “Tracking the Implementation of Green Credit Policy in China: Top-down Perspective and Bottom-up Reform,” Journal of Environmental Management, 92, pp. 1321-1327. |
| Description: | 碩士
國立政治大學
亞太研究英語碩士學位學程(IMAS)
99926006
100 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0099926006 |
| Data Type: | thesis |
| Appears in Collections: | [亞太研究英語博/碩士學位學程(IDAS/IMAS)] 學位論文
|
Files in This Item:
| File |
Size | Format | |
|---|
| index.html | 0Kb | HTML2 | 360 | View/Open |
|
All items in 政大典藏 are protected by copyright, with all rights reserved.
|
