The Climate Change and Sustainable Development Bank, written by Professor Ziguan Zhuang and Professor Sichong Chen, researchers at the School of Finance, Zhongnan University of Economics and Law, and the Innovation and Introduction Base of Digital Technology and Modern Finance, is officially published by China Social Sciences Press.

Content Introduction

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.

Teacher Profile

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.