The Significance of Improving China's Green Finance Legal Framework from the Perspective of the "Dual Carbon" Goals
Year: 2024
Type: article
Abstract: "Green finance" has emerged as a novel financial service over the past decade, offering distinct advantages in addressing ecological challenges and climate change within the context of economic and social activities. This paper examines the impact of green finance from the perspective of China's "dual carbon" (carbon peaking and carbon neutrality) goals and uses empirical analysis to demonstrate the achievements of green finance development. Meanwhile, it highlights challenges hindering the progress of green finance, such as incomplete legal frameworks, regional development disparities, and issues like "greenwashing." Drawing on international experiences in green finance, this paper provides policy recommendations and underscores the critical role of green finance in achieving China's "dual carbon" goals and advancing sustainable development. This analysis serves to clarify the importance of improving Chinas green finance legal framework.
Author: Chengwei Zhang
Institution: Macau University of Science and Technology
Language: English
Subfield: Finance
Domain: Social Sciences
SDG: Climate action
Open Access status: hybrid
OpenAlex ID: W4405385223