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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 [...]

Green Hops: Autos, Nukes, Agro, Recycling Woes

Energy Price Reforms
NDRC announced that it would be removing price caps on coal from next year in a move towards a more market-driven price mechanism.  This move comes at an opportune time when coal prices have dropped by 30 to 40% since the summer, but GLF points out an earlier post (see finding #4) on [...]

Illusions of Reform and the Need for Integrated Governance

Over the past week or so, I’ve had the privilege to get some high level access to some of the leading academics and government officials in Chinese environmental policy and law here in Beijing. I was an observer at a private high-level roundtable discussion on Chinese environmental governance held at Tsinghua University this past Sunday.
One [...]

SEPA unleashes Green Whirlwinds

The central government, with Pan Yue (潘岳) of China’s State Environmental Protection Administration (SEPA) as its fearless green leader, has enacted a cyclone of green policies dubbed the “Green Whirlwinds”, coinciding with the “peaceful rise” of SEPA to a ministry-level administrative organ. Here’s a brief summary of the green credit, green insurance, green securities [...]


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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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