More recently, Economic Science Press published Climate Change and Sustainable Development Banks in 2023. The book makes a systematic study of China's current realization of the "double carbon goal", as well as the opportunities and challenges brought by the development of China's financial industry, and puts forward the implementation path of sustainability. It is a rare frontier academic research achievement in China at present, and has relatively outstanding academic and social value. At present, China is making active yet steady efforts to achieve peak carbon neutrality and participate in global governance on climate change. This is an extensive and profound economic and social systemic transformation, which is of great significance to China's efforts to achieve high-quality development and to build a community with a shared future for mankind. On the one hand, enterprises and the financial system behind them are facing increasing pressure and risks brought by the low-carbon transition. On the other hand, China needs a huge amount of capital investment to achieve the double carbon goal, and further improve the carbon emission rights market trading system, which also creates new opportunities for the sustainable development of China's financial industry. Focusing on the impact of global climate governance and China's "two-carbon" goal on the sustainable development of China's banking industry, the book makes a theoretical exploration of this important issue from different perspectives, and puts forward useful countermeasures and suggestions.

recommendation

"Under the grand theme of climate change and the sustainable development of the financial industry, this book is not a comprehensive, focused, logical, scientific research and data combing, is a deep understanding of the global climate governance and the development of the financial industry and their mutual relationship, and is also recommended to the general audience concerned about the low-carbon transformation of China's economic and social development."

President and Deputy Party Secretary of Zhongnan University of Economics and Law

 Canming Yang

"Social progress is inseparable from human exploration and research in new fields. How to effectively deal with climate change is a tireless process. In general, this book has conducted cross-research on climate change and sustainable development bank, with prominent focus, clear logic, clear hierarchy, simple and easy to understand. It not only reflects on social issues, innovates theoretical models, but also has practical guidance value. It is a quality book that deeply understands the relationship between global climate governance and the development of the financial industry, and it is recommended to readers who care about global climate change and support the low-carbon transformation of China's economic and social development."

Deputy Party Secretary and General Manager of Hubei Hongtai Group Co., LTD

Secretary of the Party Committee and Chairman of Carbon Emission Rights Registration and Settlement (Wuhan) Co., LTD

 Zhixiang Chen

"As a useful exploration of research and talent development in the field of climate change and sustainable development banking, I believe this book will bring a lot of benefits to readers, especially bankers and colleagues who care about the development of the banking industry."

Vice President, Hubei Branch, China Construction Ban

Peng Jin

Author

Ziguan Zhuang, Professor and doctoral supervisor of School of Finance, Zhongnan University of Economics and Law, Director of Carbon Trading and Carbon Finance Research Center, Zhongnan University of Economics and Law; Doctor of Finance, Wuhan University, Postdoc, Peking University; He has presided over projects such as the National Social Science Foundation, the National Natural Science Foundation, and the Humanities and Social Science Foundation of the Ministry of Education, and participated in major projects of the National Social Science Foundation and major research projects of the Ministry of Education in philosophy and social science. He has accumulated rich experience in academic research, policy consultation and project research in the fields of macroeconomic policy, carbon market and carbon finance, low-carbon transition and green development.

Sichong Chen, Professor and doctoral supervisor of School of Finance, Zhongnan University of Economics and Law, Deputy Director of Carbon Trading and Carbon Finance Research Center, Zhongnan University of Economics and Law; Ph.D., Business and Finance, Hitotsubashi University, Japan; He was a lecturer at Hitotsubashi University Business School in Japan and a visiting professor at Wellington School of Business at the University of Florida in the United States. Deputy general Manager of Housing Finance and Personal Credit Department, Hubei Branch, China Construction Bank; His research interests include international finance, asset pricing, financial institutions, political economy of finance, and carbon finance. Presided over the National Natural Science Foundation, International cooperation Research Fund, the Ministry of Education overseas study fund and other projects; The main achievements have been published in authoritative journals in both Chinese and English and in mass media such as Caijing, Economic Daily, Securities Daily, etc.

Contents

Specifically, the book is divided into seven chapters. The first chapter combs and summarizes the evolution history and stage characteristics of the global climate governance system, the system composition and current characteristics of the current global climate governance system, as well as the proposed process of China's "3060" dual carbon target and the introduction of relevant policies. Chapter 2 not only provides a detailed analysis of the physical and transitional risks faced by China's banking sector under the climate change and dual-carbon targets, but also explores the new investment opportunities that climate change can bring. Based on the perspective of international public goods, Chapter 3 briefly summarizes the research points of economic theoretical models on climate change, and evaluates the current situation of climate governance according to its theoretical framework. It points out that introducing and implementing the optimal carbon price is the key to achieving the global climate goal. Chapter four introduces the main types of carbon pricing policies, discusses the reasons for introducing carbon pricing, reveals its mechanism, and summarizes the global development status and challenges of carbon tax and carbon trading. The fifth chapter reveals the strategic opportunities brought by climate change for the sustainable development of commercial banks, which can create new enterprise value. As a socially responsible institution, the Bank not only provides financial support for customers to adapt to climate change, green and low-carbon transition, but also encourages customers to invest in low-carbon technologies, promote high-quality sustainable economic development, and help achieve global climate goals. Chapter 6 reviews the innovation and development of China's banking industry in the basic products and services of carbon finance, carbon asset management and financing. Chapter 7 discusses the current situation of climate and environmental information disclosure and its impact on banking operations. As an important user of corporate customer information disclosure, banks should further encourage, promote and help customers to disclose climate-related information in the future.

catalogue

                                                          Chapter one: Puts forward China's dual carbon target under the global climate governance system

                                                    I. Evolution history and stage characteristics of the global climate governance system

                                                    2.System composition and current characteristics of the global climate governance system

                                                    3.the proposal of China's "3060" dual carbon target and the introduction of related policies

                                                    Chapter two: Climate risks faced by China's banking sector under the dual-carbon target

                                                    I. Physical risks to the banking sector

                                                    2. the transformation risks faced by the banking industry

                                                    3.Scenario-based climate risk analysis

                                                    4.Climate change brings new investment opportunities

                                                    Chapter Three: Climate change and Energy Revolution: Economic analysis based on the perspective of International public goods

                                                    I. Economic analysis of climate change

                                                    2.Climate change and the role of Government

                                                    3.Climate change and banks' social responsibility

                                                    Chapter four: The role of carbon pricing under the dual carbon target

                                                    I. The significance of introducing carbon pricing

                                                    2. the development status and challenges of carbon tax in the world

                                                    3. the global development status and challenges of carbon trading

                                                    4. Obstacles and future prospects for the global promotion of carbon pricing policies

                                                    Chapter Five: Sustainable Banking: Addressing climate change can create new Value

                                                    1. addressing climate change can enhance the enterprise value of the banking industry

                                                    2. Sustainable development banking for value creation

                                                    Iii. Main conclusions

                                                    Chapter six: Carbon financial products and services of banking industry

                                                    I. Basic products and services of carbon finance

                                                    2. Asset management products and services of carbon finance

                                                    3.carbon finance financing products and services

                                                    Chapter Seven: Impacts of climate and environmental information disclosure on banking operations

                                                    1. Carbon reduction targets of various regions, industries and key enterprises in China

                                                    2. Current situation of climate and environmental information disclosure in China's banking sector

                                                    3. the People's Bank of China's carbon reduction support tool

                                                    4. Experience of international banking industry in climate and environmental information disclosure

                                                    reference

                                                    postscript

The publication of the book was supported and funded by the following projects:

Funded by the Ministry of Education and the Ministry of Science and Technology "Digital Technology and Modern Finance Innovation and Intelligence Base" (B21038)

Zhongnan University of Economics and Law (2722023EZ012)