Greening Finance, Financing Green
"Reforms and international co-operation will likely mean that China can raise the green finance needed to solve the country's chronic environmental problems, writes UNEP's Simon Zadek."
"Reforms and international co-operation will likely mean that China can raise the green finance needed to solve the country's chronic environmental problems, writes UNEP's Simon Zadek."
(Dutch-language article) "Bovendien loopt 80 procent van alle palmolie in Europa nu al via Rotterdam. Nederland staat dan ook tevens in de top vijf van grootste palmolie-importeurs ter wereld, naast China, India, Maleisië en Singapore. De cijfers uit een studie van het International Institute for Sustainable Development (IISD) en het Global Subsidies Initiative (GSI) vertellen dat de toename in de verwerking van palmolie voor biobrandstof tussen 2006 en 2012 met 9500 procent is gestegen."
"In response to rising demand for electricity, pressure to keep prices affordable and a need to maintain energy security, the Turkish government plans to increase electricity generation from coal. According to a report on ‘Subsidies to Coal and Renewable Energy in Turkey’ released on Mar. 24, Turkey already spent more than 730 million dollars in subsidies to the coal industry in 2013."
Developing a green financing system for China is crucial to speed the transition to a green economy, according to a new report. And while the cost of such a move enters the hundreds of billions of dollars, the pay off in terms of increasing quality of life and future growth prospects for the country is well worth the effort.
According to Chris Beaton, Research and Communications Officer at the International Institute for Sustainable Development (IISD): “Fossil-fuel consumer subsidies hamper economic growth by taking away scarce resources that could be put to better purposes.”
In this op-ed for China Daily, IISD Senior Fellow and Associate Simon Zadek talks about China's greening of its financial market reform.