绿色债券创新发展国际比较与借鉴  

International Comparison and Reference from the Innovative Development of Green Bonds

作　　者：袁浩峻 徐利 Yuan Haojun;Xu Li

机构地区：[1]新西兰梅西大学经济与金融学院 [2]财政部国际财金合作司

出　　处：《财政科学》2024年第11期131-143,共13页Fiscal Science

基　　金：财政部国际财经研究专家工作室课题成果。

摘　　要：绿色债券对我国绿色金融发展具有重要的推动作用。我国绿色债券发展起步相对较晚,规模增长较快,但在认证标准、激励机制、市场结构等方面存在亟待解决的问题。本文基于美国、法国、德国等绿色债券市场发展相对成熟国家的实践做法,着重对各国绿色债券发行方式、债券用途和监管手段等方面进行阐释,探索国际上绿色债券创新发展客观规律。同时,在分析我国绿色债务市场发展现状和问题基础上,提出促进我国绿色债券创新发展的政策建议:第一,丰富绿色债券品种和用途,提高市场活跃度,助力绿色低碳转型;第二,完善激励机制,增强绿色债券吸引力;第三,加强对绿色债券的监管,切实防范“漂绿”风险;第四,不断优化绿色债券标准,促进我国绿色债券国际化程度的提高。Green bonds play an important role in promoting the development of green finance in China.China's green bond market started relatively late and has grown rapidly.However,challenges still remain in several ar-eas such as certification standards,incentive mechanisms,green bonds'structure and so on.Based on interna-tional comparative research on selected mature green bond markets in the U.S.,France and Germany,the paper focuses on exploring objective law and logistics of green bonds'development and innovation in advanced coun-tries by analyzing issuance methods,investment channels and monitoring mechanism of green bonds in the above advanced countries.Through an analysis of the current status,problems and challenges of green bond market in China,this paper proposes recommendations and suggestions to promote innovation in China's green bond market.Firstly,Diversify the categories and usages of green bonds to support China's green and low-carbon transitions.Secondly,Improve incentive mechanisms of green bonds in order to enhance the bonds'attractiveness and effectiveness.Thirdly,Strengthen surveillance and management of green bonds to avoid"greenwashing"risks.Fourthly,Further strengthen international cooperation to perfect green bonds'systems of standards to continuously improve the internationalization of China's green bond.

关 键 词：绿色债券 创新与发展 国际借鉴 

分 类 号：F831[经济管理—金融学]