Welcome to Francis Academic Press
Login | Register

Academic Journal of Business & Management, 2024, 6(7); doi: 10.25236/AJBM.2024.060705.

Green Finance and Insurance: Driving Forces for Low-Carbon Transition and Sustainable Development

Author(s)

Bi Chunxiao1, Xie Wenkai2, Kuznetsova N.P.3

Corresponding Author:
Xie Wenkai
Affiliation(s)

1St Petersburg University, 7–9, Universitetskaya NAB., St Petersburg, 199034, Russian Federation

2Zhejiang Wanli University, No.8 South Qianhu Road, Ningbo, 315100, China

3St Petersburg University, 7–9, Universitetskaya NAB., St Petersburg, 199034, Russian Federation

Abstract

The paper explores the importance of green finance and insurance in promoting a low-carbon economy and sustainable development. It focuses on China's adoption of these practices to support its economic goals. The study highlights their role in environmental sustainability, economic growth, and mitigating climate risks. It also discusses the challenges and the need for innovation and policy support. The conclusion stresses the integration of green finance into broader economic strategies for inclusive growth.

Keywords

Green Finance, Green Insurance, Sustainable Development, Economic Growth, Environmental Sustainability

Cite This Paper

Bi Chunxiao, Xie Wenkai, Kuznetsova N.P. Green Finance and Insurance: Driving Forces for Low-Carbon Transition and Sustainable Development. Academic Journal of Business & Management (2024) Vol. 6, Issue 7: 40-45. https://doi.org/10.25236/AJBM.2024.060705.

References

[1] Li Jin, & Liang Yu. International Experience and Enlightenment of Green Insurance [J]. Frontier Theory, 2021(1): 1-3.

[2] An Wei. Preliminary Exploration of the Connotation, Mechanism, and Practice of Green Finance [J]. Economic Survey, 2008(5): 156-157.

[3] Li Qiang. International Green Insurance Development and Reference: System Structure and Product System [J]. China Insurance, 2022(6): 28-32.

[4] Xie Sheung-Yuen, & Zhang Yihan. Green Insurance System Construction: Situation and Task [J]. China Insurance, 2022(6): 14-17.

[5] The People's Bank of China Ministry of Finance Ministry of Development and Reform Commission Ministry of Environmental Protection CBRC CSRC CIRC Guiding Opinions on Building a Green Financial System. People's Bank of China. 2016-08-31

[6] Jin Xiangyi, Zhang Wenfei, & Shi Bingzhan. Does Green Finance Promote the Development of China's Export Trade? [J]. General No. 503, 2022, 38-55.

[7] Cai Yuping, & Zhang Yuanpeng. The Construction of Green Financial System: Problems and Solutions [J]. Finance and Theory, 2014(9): 70-74.

[8] Deng Xiang. A Review of Green Finance Research [J]. Journal of Central South University of Finance and Economics, 2012(6): 68-72.

[9] Feng Shuzun (Ed.). Equator Principles—Best Practices for Sustainable Development in the Banking Industry [M]. Shanghai: Shanghai Jiao Tong University Press. (2011).

[10] Ma Jun, & Shi Yu. Green Finance Policy and Its Application in China [J]. New Financial Review, 2014(2): 84-112.

[11] Wang Tongyu. Thoughts on Promoting Innovation in Green Finance Mechanism [J]. Macroeconomic Management, 2014(1): 48-50.

[12] Xie Mengzhe, & Zhang Chenghui. Greening China's Financial System — Preliminary Exploration [Research Report] [R]. International Sustainable Development Research Institute & Development Research Center of the State Council. (2014).

[13] Zhang Zhiqiang. Green Economy and Green Development [M]. Beijing: China Financial Publishing House. (2012).