Summary
This report, co-authored by the Climate Bonds Initiative and Syntao Green Finance and sponsored by UK PACT, analyzes the potential for green investment and the issuance of green bonds in China. It identifies significant funding gaps for the transition to a low-carbon economy, evaluates the impact of national and local green finance policies, and highlights opportunities within green finance reform and innovation pilot zones. The document emphasizes the need for standardized green definitions, increased transparency in disclosure, and the potential for 'new infrastructure' and 'brown' industry transitions to drive future green bond issuance.
Key insights
- The '13th Five-Year Plan' has generated specific investment demands across several sectors: clean energy (over 1.6 trillion RMB), low-carbon transportation (over 3.4 trillion RMB), green buildings (over 1.65 trillion RMB), sewage treatment (over 564 billion RMB), and harmless waste treatment (over 251.8 billion RMB).
- The 'Green Finance Reform and Innovation Pilot Zones'—including Guangdong, Guizhou, Jiangxi, Zhejiang, Xinjiang, and later Gansu—serve as critical testing grounds for green finance policies. These zones focus on regional strengths, such as clean energy in Xinjiang and green industrial upgrading in Zhejiang, to develop replicable models for the rest of the country.
Cite the original document
- APA
- 邵欢, Boulle, B., 吴艳静, 龙雨青, & 张睿 (2020). 中国的绿色债券发行与机遇报告. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%9A%84%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E6%9C%BA%E9%81%87%E6%8A%A5%E5%91%8A.pdf
- Chicago
- 邵欢, Bridget Boulle, 吴艳静, 龙雨青, and 张睿. 中国的绿色债券发行与机遇报告. Climate Bonds Initiative, 2020. https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%9A%84%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E6%9C%BA%E9%81%87%E6%8A%A5%E5%91%8A.pdf.
- Wikipedia
- {{cite report |last1=邵欢 |last2=Boulle |first2=Bridget |last3=吴艳静 |last4=龙雨青 |last5=张睿 |title=中国的绿色债券发行与机遇报告 |publisher=Climate Bonds Initiative |date=October 2020 |url=https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%9A%84%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E6%9C%BA%E9%81%87%E6%8A%A5%E5%91%8A.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{2020, author = {邵欢 and Boulle, Bridget and 吴艳静 and 龙雨青 and 张睿}, title = {{中国的绿色债券发行与机遇报告}}, institution = {Climate Bonds Initiative}, year = {2020}, month = oct, url = {https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%9A%84%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E6%9C%BA%E9%81%87%E6%8A%A5%E5%91%8A.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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