The Chinese government has decided to fund green incentives as a growing imperative to propose environmentally friendly standards and practices for the rest of the world.

At present, China is focused on the possible results the support of pro-environmental strategies could have. This might be perceived in the recently role Chinese government is playing regarding the intersection of business and environment.

What might seem hard to accomplish has already started, China is financing green growth and commitments on climate change has begun a process that will be restated next September with the G20 Summit, which will take place in this country.

With this incentive, China will provide other countries innovative concepts in green finance which also brings positive aspects in economic growth.

The Chinese government has decided to fund green incentives as a growing imperative to propose environmentally friendly standards and practices for the rest of the world. Photo credit: Amazing China, Thinglink
The Chinese government has decided to fund green incentives as a growing imperative to propose environmentally friendly standards and practices for the rest of the world. Photo credit: Amazing China, Thinglink

Green finance is an initiative that has been considered to join economy and environment, with the purpose of reducing carbon emissions in different projects that one country has to carry out in order to preserve its economic system. Even if the idea is relatively new, China has turned its attention to this issue because of the primordial role it can play while being “friendly” with the environment.

This financial support for green growth promotes environmental pollution prevention projects, green industry, and renewable energy while carrying out development projects. Considering the high rates of air pollution as well as water and soil contamination, China sees an opportunity in green finance to promote green growth and economic growth at the same time.

China’s Project Pipeline

As a strategy to boost project pipeline, the Chinese government is working on the promotion of greater energy efficiency in its buildings projects. This project has been created considering that the country houses over half of the world’s constructions and the buildings here found represent worldwide 40 percent of global greenhouse gas emissions.

By means of optimization in building systems, the government aims to modernize construction projects and to reduce, at the same time, carbon emissions released into the atmosphere. In order to achieve this, China State Construction is managing to propose a change concerned with the materials used on building projects. China State Construction, the world’s largest construction company, seeks to improve green standards in the materials for construction as well as for bridge and high-speed train projects.

In its plans for greater building efficiency, China suggests key funding alliances, those involving partnerships from both, public and private sectors. This upgrade in funding models looks for the integration of government and non-governmental organizations, on one side, and US technology and Chinese funds on the other.

Source: Paulsoninstitute, “Green Finance – A Growing Imperative”