Economic Impacts of Green Finance: Is it possible to measure the productivity of green bonds in China?

This report introduces a methodology and framework for a desktop-based assessment of the productivity of green bonds in China, aiming to help investors and policymakers evaluate the mission impact of these instruments to inform future guidelines and market structures.

• The global green bond market expanded from a niche US$1.5 billion in 2007 to US$258 billion of issuance in 2019. China's domestic green bond market grew from US$29 billion in 2016 to US$98 billion by April 2019, reflecting a 30% annual growth rate in issuance.
• China requires an additional investment of between US$6.4 trillion and 19.4 trillion to transition towards sustainability.
• To determine if green bonds have a real and measurable impact beyond publicity, it is necessary to verify if financed projects are greener than alternatives and assess impacts on investment regarding additionality, environmental integrity, and financing terms such as larger financing, longer tenor, or a lower cost of capital.

APA

Climate Policy Initiative (2020). Economic Impacts of Green Finance: Is it possible to measure the productivity of green bonds in China? https://www.climatepolicyinitiative.org/publication/economic-impacts-of-green-finance-is-it-possible-to-measure-the-productivity-of-green-bonds-in-china/

Chicago

Climate Policy Initiative. Economic Impacts of Green Finance: Is it possible to measure the productivity of green bonds in China? 2020. https://www.climatepolicyinitiative.org/publication/economic-impacts-of-green-finance-is-it-possible-to-measure-the-productivity-of-green-bonds-in-china/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Economic Impacts of Green Finance: Is it possible to measure the productivity of green bonds in China? |date=8 September 2020 |url=https://www.climatepolicyinitiative.org/publication/economic-impacts-of-green-finance-is-it-possible-to-measure-the-productivity-of-green-bonds-in-china/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2020economic, author = {{Climate Policy Initiative}}, title = {{Economic Impacts of Green Finance: Is it possible to measure the productivity of green bonds in China?}}, institution = {Climate Policy Initiative}, year = {2020}, month = sep, url = {https://www.climatepolicyinitiative.org/publication/economic-impacts-of-green-finance-is-it-possible-to-measure-the-productivity-of-green-bonds-in-china/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }