Carbon Finance’s Development PresentSituation and Countermeasure Research in Our Commercial Bank

Abstract

It has become a common understanding among commercial banks to develop carbon finance. Carbon finance has provided opportunities for commercial banks to expand their business pipelines, stimulate finance innovation and fulfil social responsibilities. However, commercial banks are also facing problems like the lack of awareness of carbon finance business, the shortage of the talent due to credit domination and the high level of operational risk, and the deficiency of products and high level cost, which all make the development of carbon finance in commercial banks difficult. This article aims to provide relevant strategies in terms of establishing sustainable low-carbon development values and increasing the number of the talent; expanding the modes and areas of carbon finance business and innovating product types; taking precautions to control the risk of carbon finance business and reducing the cost of business. Currently, carbon finance has become a new field for competitions among global finance organisations. As a result, to enhance the innovation of carbon finance market mechanism becomes irresistible. China is a country with high energy consumption, high pollution and high emission. The current financial mode could not satisfy the great demand of capital from the low carbon economy and it has become imminent to study problems concerning the development of carbon finance in China's commercial banks in a deep and systematic manner.