Study On The Improvement Of China’s Legal System Of Green Bond Under The “Carbon Peak And Carbon Neutrality” Target

In China,green development is an important guarantee for supporting a new round of economic structural transformation.In September 2020,the goals of the "30·60" carbon peak and carbon neutrality proposed by General Secretary Xi Jinping will promote the transformation of the real economy to green and low-carbon,and this transformation requires the strong support of green finance.Green bonds are an important product in green finance.As a new type of financing method,it plays important functions in "carbon peak carbon neutralization".In the process of development and perfect development,there are more and more consensus and some questioning problems.This article attempts to analyze and recommend the corresponding problems in the legal system of green bonds in my country,so as to better promote the development of green bonds under the goal of "carbon peak and carbon neutrality".First of all,this article defines green bonds legally,analyzes the typical characteristics of green bonds based on their differences from ordinary creditors’ rights,and summarizes the corresponding legal theoretical basis to support green bonds.Next,this article introduces the current development status of green bonds in China and what role the development of green bonds plays in promoting the realization of the dual carbon goal.Based on typical cases,this article summarizes experience and lays a solid foundation for the good development of green bonds.Secondly,the second half of the article mainly analyzes the deep-seated series of legal issues and their root causes in the development of green bonds in China.On the one hand,the issuance and investment entities of green bonds are relatively single,and green development projects lack a reasonable incentive mechanism.On the other hand,despite the rapid development of China’s green bond market,during the economic transition period,there are still problems with green standards such as high localization,low greening of the use of raised funds,non mandatory disclosure of environmental benefit information,imperfect systems,and fragmented regulation,which affect the implementation of green investment.Finally,on how to better develop green bonds,this article proposes the need for us to focus on the "dual carbon" goal in the future,while retaining the government’s driving force,and giving more play to the leading role of the market.Suggestions such as promoting the integration of China’s green standards with international standards,diversifying the issuance and investment entities of green bonds,strengthening the management and method application of investment in green bonds,enforcing environmental benefit information disclosure,The establishment of a green bond information sharing platform and the integration of ESG’s responsible investment concept into the development of green bonds and other suggestions have certain reference significance for green bonds to promote the realization of the carbon peak carbon neutrality goal.