Case Study Of Carbon Finance Business Development Of IB

In recent years,China’s economic aggregate has continued to expand and the quality of development has steadily improved.However,the environment problem caused by our country during the continuous improvement of the economic development level is increasingly important,in particular,the rapid rise in the level of greenhouse gas emissions such as carbon dioxide has not only caused serious damage to the ecological environment,but also seriously hindered the sustainable development of China’s economy.Thus,how to balance environmental protection with economic development has become a problem that must be faced.In order to promote the interaction and integration of economy and ecology,China has gradually enacted a number of laws related to environmental protection,including the Law on the Prevention and Control of Air Pollution and the Law on the Prevention and Control of Environmental Pollution by Solid Waste.Carbon finance refers to an innovative financial model that can promote capital flow to low-carbon and environmentally friendly green projects through financial means,so as to obtain economic benefits and protect the ecological environment at the same time.Carbon peaking and carbon neutrality,as a beautiful vision affecting the social and economic development of human beings in the 21 st century,has become an important goal of financial entities at present.Developing carbon finance can promote economic and social development while protecting the environment.Therefore,carbon finance based on environmental protection has become an important direction for commercial banks to transform their operations in the future.Commercial banks,as the backbone of the financial system and an important transmission path of carbon finance policies,need to make some achievements,invest more capital in the field of carbon finance,promote the development of carbon finance business,innovate carbon finance products,and make contributions to China’s low-carbon development.Considering that Industrial Bank,as the first equatorial bank in China,not only set foot in the field of carbon finance as early as 2007,it is the first commercial bank in China to carry out carbon finance business,but also has a set of standardized business processes in the practice and application of carbon finance business,the business range includes the liability end,the asset end with the agency business.In the domestic commercial banks have been in the forefront.Therefore,the paper takes Industrial Bank as an example analysis of the progress of carbon finance business of Chinese commercial banks.Firstly,this paper reviews the research results of carbon finance at home and abroad,summarizes the development status of carbon finance,defines the concept of carbon finance,and introduces the theories related to carbon finance.Secondly,the current progress of carbon finance business and products of Industrial Bank is expounded as a typical case,and the relevant business is specifically introduced and the development condition and accomplishment of relevant businesses are analyzed.Thirdly,the motivation,comparative analysis and matter analysis of Industrial Bank’s carbon finance business are analyzed.Then,according to the analysis results,some suggestions are put forward for Chinese commercial banks to develop carbon finance business from the perspective of government and bank.For example,the government should establish reasonable policy guidance mechanism,improve information disclosure system and guide carbon finance and technological innovation.Banks should strengthen the construction of professional personnel,improve the innovation ability of carbon finance business,expand business scope and improve the ability of carbon finance risk prevention system.