Report released on green financing in China

Joe Crea

At Greenbuild China 2018, USGBC and Cushman & Wakefield—a leading global real estate services firm—released a report detailing how green financing is progressively being used as a catalyst in the transition to a greener economy, because it provides the necessary financial support for the development of green projects, including green real estate.

"Green Financing: Greenlighting Green Investment into Green Real Estate" also notes that to buttress the development of a sustainable economy—including a green built environment—many governments, including China's, are now seeking to progressively encourage green financing in their domestic marketplaces. With the expansion of green financial products and market regulation maturation, more funds are projected to be infused into green projects both in China and globally.

“As a major development plan for China, green development has created a good basis for the green finance industry,” said Andy To, managing director, North Asia, USGBC. “While green finance is about promoting the vigorous development of green assets, green building, as a kind of green assets, not only benefits from the development of green finance, but also promotes relevant upstream and downstream enterprises and industries, such as land, energy, materials, and buildings to accelerate their own sustainable development, from investment to project formation, forming a virtuous circle.”

China has firmly established itself as a global leader in green financing, with both domestic policies and international leadership bringing real progress. For example, China has become the second largest green bond issuer globally. In 2017, a total of 181 bonds amounting to RMB248.6 billion (US$37.1 billion) were issued in China.

Download the report

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