Establishing China's Green Financial: Progress Report 2017
China and the global community’s future development depends on its transition to an inclusive, environmentally friendly, low carbon economy. Making this transition will require political will, continued technological innovation, international cooperation, and a rapid scaling of business and economic innovation focused on realizing the Sustainable Development Goals, and meeting commitments under the Paris Agreement on climate.
Mobilizing finance at scale is a pre-requisite to success, yet today’s global financial and capital markets are not yet fit-for-purpose. UN Environment through its Inquiry into the Design of a Sustainable Financial System has mapped both the need for change and innovative progress. In particular, it has highlighted the need for improvements in green-related information flows, appropriate capacities and incentives, and developments in financial policy, regulation and standards, as well as fiscal and judicial measures.
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