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Journal of Humanities, Arts and Social Science

ISSN Print: 2576-0556 Downloads: 355290 Total View: 2991578
Frequency: monthly ISSN Online: 2576-0548 CODEN: JHASAY
Email: jhass@hillpublisher.com
Article http://dx.doi.org/10.26855/jhass.2024.08.034

Research on Legal Issues of Green Credit System in China

Cheng Hong

School of Marine Law and Humanities, Dalian Ocean University, Dalian 116086, Liaoning, China.

*Corresponding author: Cheng Hong

Published: September 13,2024

Abstract

Green credit plays a crucial role in achieving green development, promoting environmental protection, and fostering a sustainable economy. The release of the  on Implementing Environmental Protection Policies and Regulations to Prevent Credit Risks in 2007 marked the inception of green credit in China. Subsequently, a series of policies were introduced, establishing the foundational framework of China's green credit system, including rules for statistics and monitoring, appraisal and evaluation, and information disclosure. Together, these elements constitute the green credit policy system in China. This paper examines the existing green credit policies in China and identifies several issues within the current system, including the lack of specialized legislation, inadequate legal accountability provisions, an imperfect regulatory framework, and insufficient subsidies and incentives. For each of these challenges, corresponding countermeasures are proposed, with the aim of creating a conducive environment for the development of green credit and promoting sustainable and healthy economic and social development in China.

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How to cite this paper

Research on Legal Issues of Green Credit System in China

How to cite this paper: Cheng Hong. (2024) Research on Legal Issues of Green Credit System in China. Journal of Humanities, Arts and Social Science8(8), 2006-2009.

DOI: https://dx.doi.org/10.26855/jhass.2024.08.034