转型金融与绿色金融的衔接:逻辑、阻碍与对策  

The Connection of Transition Finance and Green Finance:Logic,Hindrances and Countermeasures

作　　者：陈文虎 程佳佳 姚志鹏 CHEN Wenhu;CHENG Jiajia;YAO Zhipeng

机构地区：[1]北京理工大学经济学院 [2]中山证券固定收益部 [3]北京理工大学工商管理博士后流动站

出　　处：《新金融》2025年第4期67-75,86,共10页New Finance

摘　　要：国际减碳行动如火如荼,国内“双碳”目标顺利推进,转型金融与绿色金融聚焦不同产业,共同参与全球气候治理。目前国内的绿色金融已累积了不少发展成果而转型金融仍处于起步阶段,如何进一步建设绿色中国成为当下面临的主要课题之一。基于此,本文立足于转型金融与绿色金融的衔接视角,结合金融结构理论、外部性理论及科斯定理阐述两者衔接的逻辑,梳理当下国内外转型金融的发展概况后总结出转型金融与绿色金融有效衔接的现实阻碍,即标准尚未统一、风控有待加强和压力不容小觑三个方面。最后基于理论基础和现实基础提出了五项建议:健全政策框架、借助数字技术、完善金融体系、地方先行试点和完善碳核算体系。In the context of the promotion of global carbon reduction,the transition finance and green finance focus on different industries to participate in global climate governance.Green finance has accumulated a lot of achievement while transition finance is still in its infancy,how to build a green China has become one of the main issues.Thus,this paper involves three parts based on the connection of transition finance and green finance.Firstly,expound the logic of the connection combined with the theory of financial structure,externalities and Coase theorem.Secondly,summarize the development of transition finance at home and abroad,and find the hindrances:the standard has not been unified,the risk control needs to be strengthened and the pressure cannot be underestimated.Finally,based on the theoretical and practical basis,five suggestions are put forward:improving the policy framework,using digital technology,improving the financial system,piloting in provinces and upgrading the carbon accounting system.

关 键 词：转型金融 低碳转型 绿色金融 衔接 

分 类 号：F830[经济管理—金融学]