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The Relationship Between Low-Carbon Finance and Sustainable Development: A Case Study of Industrial Bank of China

Wan Muchun

,

Zhu Wenzhong

,

Zhang Siqi

Wan Muchun 1 Zhu Wenzhong 1 ,
;
Zhang Siqi 1 

  1. Guangdong University of Foreign Studies, Guangzhou 510420, China 1

Pages: 24-34

DOI: 10.18488/journal.13.2018.71.24.34

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Article History:

Received: 10 May, 2018
Revised: 12 July, 2018
Accepted: 17 July, 2018
Published: 20 July, 2018


Abstract:

The action plan of China-proposed One Belt One Road initiative play a significant role of sustaining the green and steady growth of Chinese economy. Meanwhile, it also brings tremendous opportunities and challenges for low-carbon economy. Developing low-carbon finance is necessary for developing low-carbon economy in China. Commercial banks' primary objective is to maximize profits, so they inevitably pay attention to the influence of competitiveness and earnings after developing carbon finance. Industrial Bank as China’s first bank joining Equator Principles is the typical example of commercial banks which develop low-carbon finance. This paper analyzes the total assets, non-performing loan ratios and net capital of the bank and concludes that if a commercial bank can do a good internal management, the development of low-carbon finance will promote its sustainable development. In other words, the sustainable development based on low-carbon finance will generate visible benefits to the bank.
Contribution/ Originality
The paper's primary contribution is finding that commercial banks can improve its market competitiveness, decrease its operational risk, enhances its profitability and gain support from investors through developing low-carbon economy. The finding in this study sheds light on the sustainable development of Chinese commercial banks.

Keywords:

Industrial bank, Low-carbon finance, Green finance,  Sustainable development, Causes and effects, Problems and countermeasures

Reference:


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Funding:

This study received no specific financial support.

Competing Interests:

The authors declare that they have no competing interests.

Acknowledgement:

All authors contributed equally to the conception and design of the study.

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