On August 21st, hosted by Chongyang Institute for Financial Studies of Renmin University of China (RDCY) and "Journal of Renmin University of China", and co-organized by the Center for Eco-Financial Studies of Renmin University of China, the launching ceremony of green finance and "Belt and Road" (B&R) results as well as the founding ceremony of the “B&R” and Green Finance Frontier Research 30-Person Forum was held at Renmin University of China.
Ma Jun, Director of the Center for Finance and Development, Tsinghua National Institute of Financial Research (NIFR), Chairman of the Green Finance Committee, China Society for Finance and Banking, attended the meeting and delivered a keynote speech. The speech of Ma Jun included the importance of promoting green financing with the “B&R”, some suggestions on how to promote the green investment, and the current situation of new energy market along the “B&R”from four aspects.
Wang Wen, the executive dean of RDCY and Secretary General of the Green Finance Committee, China Society for Finance and Banking, mentioned that the development of green financial is the reflection of the comprehensively deepening reform and opening up with China characteristics in the new era. At 2nd Belt and Road Forum for International Cooperation in April this year, President Xi Jinping announced that the Green "Belt and Road"will be one feature and direction in the construction of “B&R”. The combination of green finance and BRI from initiating to realizing has witnessed the process of China's transformation and upgrading, the process of China's exploration and participation of international governance and international rule-making.
Wang Wen appreciated "Journal of Renmin University of China" for their strong support to theoretical research and academic research in the field of green finance. With the cooperation of RDCY and "Journal of Renmin University of China", the first monograph about BRI and Green finance was published in academic journals.
Hosted by Wang Wen, the guests participated in the launching ceremony of Green Finance Frontier Research 30-Person Forum and "The Special Report of Green Finance Research" of RDCY.
Qin Xuan, an editor of "Journal of Renmin University of China" and the dean of the Institute of Socialismwith Chinese Characteristics in the New Era at Renmin University of China, hosted the releasing conference of three "Green Finance and 'Belt and Road" results.
Mo Lingshui, Green and Low-Carbon Development Consultant of the Asian Development Bank and Visiting Researcher of the Eco-Finance Center of Renmin University of China, released the "B&R" Green Investment Scale and Green Cost-Effect Accounting and proposed that the research will resolve two core questions about the assessments of green investment, the assessment of green elements in investment activities and the reasonable reflection of "green costs and green benefits" in investment evaluation. He talked about the exploration of market mechanisms that address the mismatch between costs and returns in green investments.
Cao Mingdi, Deputy Director of Department of Green Finance at RDCY, and the research fellow of Center for Eco-financial Studies at RDCY, introduces the two reports, Finance-Helping Green BRI: Progress, Assessment and Outlook and The greening Process of China's Foreign Investment under the BRI: Progress and Suggestions.
Finance-Helping Green BRI: Progress, Assessment and Outlook mentioned a series of problems in the differences between the countries along the "Belt and Road", the strict international environmental standards and the investment and financing problems of Chinese enterprises. During the construction, we should actively develop green finance and establish a green financial system. Finally Cao pointed out that the green financial development of BRI will enter into a new symbiotic era.
The greening Process of China's Foreign Investment under the BRI: Progress and Suggestions mainly made seven recommendations about greening China's foreign investment. And with the development of BRI, the concept of green development has been running through it, and the attention of green investment has been continuously improved as well as the demand for massive green investment and financing has been continuously inspired. All these provide a broad market for next-generation green products and green technologies.
Yang Yufeng, Energy Policy Consultant of the Asian Development Bank and Honorary Researcher of the Institute of Imperial College, Grantham Institute, released the research report China Green Development History including seven parts separately "green and transformation", "green transformation outlook", "energy conservation", "green transformation and future revolutionary technology", "global energy governance and green transformation", "the international benchmarking of green transformation" and "in-depth research on the typical and subject-related cases".
Finally, two seminars were held themed Financial Support on the Green Development of Belt and Road and BRI Financial Green Development Strategy, and more than ten scholars from government, industry, research and other fields and more than 100 guests participated.
This article was originally published at RDCY.org. and translated by the intern Zhang Yuan.