The response to climate change is driving a global transformation that has the potential to reshape geopolitics as countries around the world reorient their economies toward low-carbon and sustainable development. At the forefront of this shift is China, which is positioning itself as a leader on climate action as the U. China has become a major player in the global green finance market, promoting environmentally-friendly policies and investing strategically in clean technologies. In our view, however, China still has a long way to go to transform its massive economy from being a major polluter to a green power.
These challenges are compounded by the widespread air, water, and soil pollution that the country continues to face, and given its position as the largest emitter of greenhouse glasses globally, the biggest coal consumer, and second-largest user of oil. Chinese leaders have ramped up their emphasis on environmental issues as national priorities, elevating pollution control to make it one of the top three major battles that the nation must fight, alongside financial risks and poverty.
Along those lines, China has been making a major pivot toward a low-carbon and environmentally friendly development model encapsulated in legislative efforts, Five-Year plans, and in blueprints at the provincial and local levels. To tackle pollution, China has escalated its efforts to create a comprehensive suite of laws and strict standards to remedy air and water pollution, along with new legislation on soil pollution prevention and control.
Its climate agenda, outlined in its most recent Five-Year plan, includes ambitious targets to reduce absolute and relative carbon intensity and a peak in its carbon dioxide emissions by The country has also introduced what is likely to be one of the largest carbon emissions trading schemes and is targeting gigawatts GW of renewable capacity installed by The Chinese government has recognized that green finance is a powerful instrument to fund the county's next stage of development through its top-down government guided approach.
President Xi Jinping has expressed China's commitment to build an ecological civilization and explicitly called on green finance to buttress its green agenda. The central bank, the People's Bank of China PBoC has also articulated this sentiment in its Guidelines for Establishing the Green Financial System, in which it outlines its support for a number of forms of green financing. Various financial regulatory authorities have further encouraged this trend by providing guidance and improving transparency to market participants on green bond issuance and climate financing.
China also launched a green finance reform in June and green finance innovation pilot zones in five provinces that each have specific initiatives or targets for promoting green financing. In our view, these are important signals from the top-down decision-making bodies that will support further growth of the Chinese green finance market. Egorov, Shannon M. Griffin, Reagan R. Converse, Jennifer N. Styles, Elizabeth A.
Sams, Anthony Wilson, Laura E. Jackson, Timothy J. Vegetated land cover near residence is associated with reduced allostatic load and improved biomarkers of neuroendocrine, metabolic and immune functions. Debarati Mukherjee, S.
One more crucial piece of context before we begin
Patel, Gitanjali Narayanan, Vamadevan S. Ajay, Mohammed K. Park availability and major depression in individuals with chronic conditions: Is there an association in urban India?. Climate , 5 3 , Chinmoy Sarkar. Residential greenness and adiposity: Findings from the UK Biobank. Planning strategies for roadside tree planting and outdoor comfort enhancement in subtropical high-density urban areas.
Parks and green areas and the risk for depression and suicidal indicators.
International Journal of Public Health , 62 6 , Annemarie Ruijsbroek, Sigrid M. Mohnen, Mari? Neighbourhood green space, social environment and mental health: an examination in four European cities. Green environment and incident depression in South Africa: a geospatial analysis and mental health implications in a resource-limited setting. The Lancet Planetary Health , 1 4 , ee Disentangling the complex relation of disability and depressive symptoms in old age — findings of a multicenter prospective cohort study in Germany.
International Psychogeriatrics , 29 06 , Urban-rural variations in children's lives and subjective well-being: A comparative analysis of four countries. City scale climate change policies: Do they matter for wellbeing?. Preventive Medicine Reports , 6 , Laura J.
Graham, Roy H. Haines-Young, Richard Field. Metapopulation modelling of long-term urban habitat-loss scenarios. Landscape Ecology , 32 5 , Sohyun Park. Sustainability , 9 5 , Diekhof, Oliver Gruber. Effects of city living on the mesolimbic reward system-An fmri study. Kathryn J Bowen, Yvonne Lynch. The public health benefits of green infrastructure: the potential of economic framing for enhanced decision-making.
Current Opinion in Environmental Sustainability , 25 , Ralf C. Buckley, Paula Brough. Sara Meerow, Joshua P. Spatial planning for multifunctional green infrastructure: Growing resilience in Detroit. Sustainability , 9 3 , Matilda van den Bosch, Mark Nieuwenhuijsen.
No time to lose — Green the cities now. Environment International , 99 , Residential greenness and risk of prostate cancer: A case-control study in Montreal, Canada. Environment International , 98 , Mark J.
Fifty Shades of Green. Epidemiology , 28 1 , Urban Design and Mental Health. Loveday, G. Loveday, J. Byrne, B. Ong, P. Procedia Engineering , , Ee Heok Kua, Angelia Sia. Green Environment and Mental Health in the City. Julian Ashton.
Why electric cars are always green (and how they could get greener) - The Correspondent
A green perspective: what good does it do?. Perspectives in Public Health , 1 , A conceptual framework for studying urban green spaces effects on health.
Sustainability , 9 1 , Dinand Ekkel, Sjerp de Vries. Nearby green space and human health: Evaluating accessibility metrics. Daniel R. Richards, Paul Passy, Rachel R. Impacts of population density and wealth on the quantity and structure of urban green space in tropical Southeast Asia. Susan Prescott, Alan Logan. Silvia Lucia Gaviria, Renato D. Socio-demographic patterns of posttraumatic stress disorder in Medellin, Colombia and the context of lifetime trauma exposure.
Disaster Health , 3 4 , Beyer, Aniko Szabo, Ann B. American Journal of Preventive Medicine , 51 3 , Optimising value from the soft re-use of brownfield sites. Science of The Total Environment , , Susan J. Greener living environment healthier people?. Preventive Medicine , 89 , Jessica S. Gubbels, Stef P. The impact of greenery on physical activity and mental health of adolescent and adult residents of deprived neighborhoods: A longitudinal study. Shawn N.