The academic team

On the morning of June 25, the School of Finance held the 5th Ganpo Financial Experts Forum in 2021 in the Academic Lecture Hall on the second floor of the Yizhen Building. Professor Wang Xiaoya, academic member of the China Rural Research Institute of Tsinghua University and former deputy director of the Central Bank Research Bureau, was invited to give an academic lecture entitled Green Finance and Carbon Finance. Xiao Jun, deputy dean of the School of Finance, presided over the lecture, and some teachers, masters and doctoral students attended the lecture.

On the morning of June 25, the School of Finance held the 5th Ganpo Financial Experts Forum in 2021 in the Academic Lecture Hall on the second floor of the Yizhen Building. Professor Wang Xiaoya, academic member of the China Rural Research Institute of Tsinghua University and former deputy director of the Central Bank Research Bureau, was invited to give an academic lecture entitled Green Finance and Carbon Finance. Xiao Jun, deputy dean of the School of Finance, presided over the lecture, and some teachers, masters and doctoral students attended the lecture.

At the beginning of the lecture, Xiao Jun introduced Professor Wang Xiaoya's appointment and key research directions, and expressed his welcome and thanks to Professor Wang Xiaoya for coming to the school to give lectures.

First of all, Professor Wang Xiaoya distinguished the two concepts of green and low carbon, and pointed out that the two concepts are different in the following four aspects: 1. Different directions. Low carbon is a concept related to climate change, and green is a concept related to environmental protection. 2. The scope of influence is different. The impact of climate warming is global, while the impact of environmental degradation is regional. 3. The correlation with economic growth is different. Greenhouse gas emissions and economic development are positively correlated, while environmental degradation and economic development are not positively correlated. 4. Different governance methods. The governance of greenhouse gas emissions is a balance, that is, a balance between reducing emissions and economic growth, neither sacrificing economic development to reduce emissions, this is more obvious for developing countries, nor is it blindly pursuing high growth and ignoring humanity. It is not an easy choice for any country to choose between low-carbon and economic development. The treatment of pollutants is prohibited, and the laws of various countries have express provisions.

Then, Professor Wang Xiaoya used Germany as an example to describe the development history of green finance and carbon finance. He pointed out that Germany was the first country to develop green finance business, and attached great importance to the development of green industry, and promoted it through a series of incentive policies. The development of green finance. For example, the Renewable Energy Priority Law was promulgated in 2002, and through five successive amendments, it encouraged investment in new energy to the greatest extent and reduced industry costs. Professor Wang Xiaoya introduced the development history and current status of my country’s green finance and carbon finance through data. On May 8, 2014, my country issued its first green bond. In 2016, my country’s green bond issuance volume and issuance scale increased significantly. The green bond market steady development. In 2018, there were a total of 144 labelled green bonds issued at home and abroad in China, an increase of 17.07% year-on-year, and the scale of issuance reached RMB 267.593 billion, an increase of 8.02% year-on-year. So far, China has become one of the largest sources of issuance in the global green bond market.

Finally, Professor Wang Xiaoya proposed that in addition to advocating a low-carbon economy and green economy in terms of ideas, and developing low-carbon finance and green finance in actions, it is also necessary to encourage carbon finance and green finance innovation in policies. First, financial institutions should accelerate innovation in carbon finance and green finance. Second, local governments should increase policy support for emissions trading. Third, we should also make full use of the financial support of international financial organizations for environmental protection projects.

During the lecture, teachers and students showed a keen interest in green finance and carbon finance, and listened to Professor Wang Xiaoya's introduction to the field of green finance and carbon finance. The atmosphere of the lecture was enthusiastic, and teachers and students all expressed that they broadened their horizons, increased their knowledge, and benefited a lot.