On Building a Green Credit System for Marine Environment Protection

Abstract

On August 31, 2016, the People's Bank of China (PBC), along with six other government agencies, issued the Guidelines for Establishing the Green Financial System, introducing a series of measures to support and encourage green investment and financing. On September 2, the China Banking Regulatory Commission (CBRC) proposed a framework for building a green credit system and comprehensive evaluation of green credit, which lays out the development direction for green lending. Learning from international and domestic research and practical experiences, this paper tries to develop a green credit system for marine environmental protection. Based on the current green credit theory and policy trend, this thesis sets the operating mechanism for green credit, which can enforce contact and cooperation between marine environmental protection departments and financial regulators. All of these can promote enterprises and individual polluters to pay attention to marine environment, strengthen pollution control and maintain ecosystem healthy.