绿色金融：我国的成功之旅与全球的启示
在我国，绿色金融正以其独特的魅力和实践成果，在全球范围内引起了广泛关注。从调整资本配置到调动利益相关方参与，从扩大各类绿色倡议到发挥重大功能乃至主导作用，我国在构建自身绿色金融体系方面取得了显著成就，这些经验值得世界各国深入学习和借鉴。
自2015年以来，我国已经成为全球最大的绿色债券发行市场之一。据统计，2016年，我国绿色债券发行量占全球总量的40%；2017年占比25%；而到了2018年，我国单季度绿色债券发行额就超过300亿美元。同时，21家主要金融机构共计发放了1140多亿美元的绿色信贷，这些数据凸显了我国在推动经济转型中所扮演的重要角色。
值得一提的是，即便是面对各种不确定性因素，比如政策环境变化、市场风险等，不良率也保持着较低水平。这证明了我国-green finance产品不仅符合投资者的“环境价值”追求，更符合投资者的“经济价值”追求，对于投资者而言，是一个既有吸引力的资本配置选择。
除了规模增长外，我国也是green finance产品创新的一块沃土。在此基础上，国家级试验区制度被建立，以鼓励green financial product innovation。这些试点区分别位于浙江、江西、贵州、新疆、广东，每个地区都有其独特的地理位置和自然条件，为不同情况下green financial innovation提供了实际检验空间。
尽管历史短暂，但笔者认为，my country in green finance practice has been worth summarizing and promoting.
Firstly, the top-level design of my country's green financial system has gradually improved. The comprehensive policy framework for building a green financial system has been established by relevant government departments as stakeholders, making the top-level design compatible with micro-behavioral incentives.
Secondly, local governments have strengthened their autonomous promotion of green transformation. Currently, 31 provinces (cities and autonomous regions) have formulated policies to encourage the issuance of green bonds and green loans at the provincial level; cities have also issued related supporting policies. Although different provinces' policies take various forms-from providing monetary subsidies to issuers of green bonds to reducing barriers for borrowing by main bodies in environmental protection-the overall trend is that regional practices help accumulate experience for governments.
Thirdly, macro-prudential policy combined with micro-financial innovation has stimulated increased demand from all quarters for green financial assets. For example, qualified green bonds can be used as collateral for central bank refinancing business; mandatory pollution liability insurance increases investors' awareness of environmental risks.
Fourthly, industry associations play an important role in promoting innovative development in this field. China Financial Association Green Finance Committee members manage approximately two-thirds of all financial assets in China, playing a crucial role in popularizing industry-wide concepts and innovations related to green financing products.
At present, global economic transition towards greening is becoming an urgent task estimated to require tens or even hundreds of billions dollars worldwide for investment needs alone. In response to these demands on a global scale—financial solutions need globalization too! My Country's experiences gained through its journey from being a laggard to leading player provide wisdom and inspiration globally—worth learning about if you're keen on creating your own success story like mine!
