Research on Legal Issues of Green Credit System in China

Green credit plays a crucial role in achieving green development, promoting environmental protection, and fostering a sustainable economy. The release of the on Implementing Environmental Protection Policies and Regulations to Prevent Credit Risks in 2007 marked the inception of green credit in China. Subsequently, a series of policies were introduced, establishing the foundational framework of China's green credit system, including rules for statistics and monitoring, appraisal and evaluation, and information disclosure. Together, these elements constitute the green credit policy system in China. This paper examines the existing green credit policies in China and identifies several issues within the current system, including the lack of specialized legislation, inadequate legal accountability provisions, an imperfect regulatory framework, and insufficient subsidies and incentives. For each of these challenges, corresponding countermeasures are proposed, with the aim of creating a conducive environment for the development of green credit and promoting sustainable and healthy economic and social development in China.