Research On The Legal Issues Of Green Credit

The Copenhagen conference has officially begun the Low-Carbon Economy. Financial revolution them as"Green Finance"revolution has become historical trend. Ministry of Environmental Protection, People's Bank and The China Banking Regulatory Commission jointly promulgated a new policy"Green Credit"in July, 2007 in order to limit the growth of high energy-consumption and high pollution enterprises. After three years, promote the role of the green credit to solve the environment issue but still lack of legal support and protection, the green credit policy provisions are too generous and lack of operation, leading banks implement process is not standardized, which makes the implementation of green credit policy display voluntary character and the implementation result is not ideal.The basic situation of the green credit policy are: policy standard vague, the main responsibilities unknown; the poor information between the Government and the banks; the Government, the banks face to the huge economic interests, don't the implement green credit relevant provisions, it also greatly reduced green credit played in the protection of the environment effect. In recent years, growing environmental problems of domestic and foreign pressure on China's environmental problems, the development of carbon finance, establish and improve laws and policy, standardize enterprise behavior is particularly urgent.The paper will discuss and study some issues on the Green credit in four parts. The first part: the overview of Green credit and related laws. This part describes sustainable financial, the equator principle and the green credit production and the development, to provides the theory reference for perfect green credit legal regime. The second part: China green credit status and issues and challenges. From the system, legal, policy and technical perspective of the impact of the implementation of green credit reasons for the difficulty.The third part: the implementation of the international green credit. This part introduced the Legislation, the inspiring measure and the legal liability in the US, England and Japan.The fourth part: suggestion on perfecting the green credit from the government, banks, companys, and the social. This part gives some suggestions on how to improve the problems of the green credit.