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The Different Shades of Green Finance

Somehow, we missed a November 2008 report by Friends of the Earth and BankTrack called The Green Evolution: Environmental Policies and Practice in China’s Banking Sector (click here for Chinese version) (henceforth the “Report”) which provides an excellent overview of the green finance activities, including China’s nascent Green Credit program (one of the Green Whirlwind [...]


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What is the Green Leap Forward?

The Great Leap Forward was an economic and social plan used from 1958 to 1960 which aimed to use China's vast population to rapidly transform mainland China from a primarily agrarian economy dominated by peasant farmers into a modern, industrialized communist society. It is now widely seen, both within and outside of China, as an major economic (and environmental) disaster.

By contrast, the Green Leap Forward, is an emerging movement to harness and combine the powerful forces of smart policy, sustainable finance and green technologies to steer China's red-hot economy onto a more ecologically and socially sustainable path. Unlike its predecessor, the Green Leap Forward is as much a bottom-up revolution as it is a top-down one and in this age of increasing global interconnectedness, is a movement that will have an impact beyond its borders.

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