What is green finance?

Green finance refers to economic activities that support environmental improvement, climate change and efficient use of resources. Specifically, it is the financial services provided for project investment and financing, project operation and risk management in the fields of environmental protection, energy conservation, clean energy, green transportation and green buildings.

Green finance plays an active role in environmental protection and the harmonious development of surrounding society, which is conducive to promoting environmental protection and governance and guiding the flow of resources from industries with high pollution and high energy consumption to departments with advanced concepts and technologies.

As far as the current development is concerned, people's attention to "green finance" is still mainly focused on the banking industry, especially the bank's credit business, that is, "green credit". From this perspective, the development history of "green finance" can be traced back to the 1970s.