As an important part of China's green financial system,the green government bond market is an important way for China to realize the goal of green development,and the establishment of a perfect institutional system is the basic premise for guaranteeing its function.This article focuses on the current situation of the development of China's green government bond system,the problems that need to be solved and the innovation of the system,and draws on the development experience of the green government bond market in developed countries such as the United States,the United Kingdom and France,as well as in developing countries such as India and South Africa,etc.It elaborates the ideas of standardization and innovation of China's green government bond system in the following aspects:the construction of a legal system,the use of gov-ernment green bond fund-raising funds,the screening and evaluation of projects,the manage-ment of funds-raising,and information disclosure.This article suggests that the government needs to formulate relevant legal documents to regulate the issuance,management and supervision of sovereign bonds and local government green bonds,formulate green government bond identification criteria that meet the requirements of different levels and stages of climate strategy,and form a multidisciplinary green government bond working group.In addition,this article emphasizes the importance of improving fund management within the existing government bond management system,strengthening information disclosure and performance management of green bonds,and set up an audit mechanism throughout the life cycle of green governmment bond projects.
Green government bondGreen sovereign bondSustainable development
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