Research On China's Climate Finance Policies And Development In The Context Of Carbon Neutrality

In September 2020,President Xi of the People's Republic of China announced that China aims to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060 at the General Debate of the 75th Session of The United Nations General Assembly.Since then,"Carbon Neutrality" has been the strategic pathway during the "14th Five-Year Plan" period and even the longer term towards the low-carbon transition.To achieve the goal of carbon peak and carbon neutrality,we should take the Nationally Determined Contributions(NDCs)and low-carbon development goal as the guidance,take the systematic policy standards and system as the support,vigorously promote the development of climate change financing and investment to guide climate funds to invest in the field of climate change mitigation and adaptation and gradually establish the energy structure,industrial structure and production and management system that can adapt to climate change life style.Therefore,starting from the construction of Climate Investment and financing policy system,this paper systematically studies and summarizes the existing research methods and policy progress.Combined with the construction of Climate Investment and financing policy system in China and other countries,this paper provides theoretical and practical reference for the development of China's climate investment and financing policy system.Therefore,this paper starts with the evolution of the development of climate finance in China and uses causality inference methodology and questionnaire research method to conduct an in-depth analysis of the implementation effects of existing policies,and motivations as well as barriers for entities to participate in climate finance.The paper also summarizes the policy demand framework for the development of climate finance on the basis of the first-hand research data and various elemental mechanisms including access,information,performance,and incentive mechanism required by financial institutions in the scope of policies.Based on the historical experience of the development of climate finance at home and abroad,the study finds it that,though the development of climate finance in China is still at an early stage,relevant pilot policies have already had a positive impact on carbon emission reduction,especially the carbon emission trading mechanism throughout the policy evaluation.Then,this paper reviews and summarizes a large number of domestic and foreign researches on climate finance policy and policy system development.According to the research results,we develop a theoretical basis and analytical framework for systematic research on policy system development,and clarifies the theoretical framework for analyzing climate finance development.Based on the summary about the research methods related to the decomposition of policy system elements,this paper explores six elemental mechanisms for developing the policy system of climate finance and elaborates the direction and content of the policy system development.Lastly,the paper draws on the existing theoretical methods for evaluating the structure of the policy system,and designs indicators and methods based on the aforementioned six elements,and discusses the scope and scenarios of its application,so as to realize the overall evaluation of the process and effect of the development of the climate finance policy system in China.Through the above research,this paper analyzes how the six policy factors mechanisms affect the construction of climate investment and financing policy system,as well as the relationship and coordinated development between different factors.Through analyzing and summarizing a large number of domestic and foreign climate investment and financing policy experience,this paper puts forward the specific path and its significance of China's climate investment and financing policy system,and puts forward scientific suggestions for realizing the development of climate investment and financing policy and forming the long-term policy guarantee mechanism of China's climate investment and financing.