Assessment and Optimisation of China's Green Finance Policies under the ‘Dual Carbon’ Target

Abstract

China's 'Dual Carbon' targets aim to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, a critical step for China towards sustainable development. Green finance is a key mechanism to support these targets. It is essential to promote low-carbon industries, reduce carbon emissions, and encourage sustainable growth. This paper assesses the effectiveness of China's current green finance policies using a policy evaluation framework that includes empirical analysis and case studies. It also highlights achievements and challenges in policy implementation, including regional and sectoral differences. A comparative analysis of international green finance practices is conducted to provide insights for optimising China's policy framework. Based on these findings, appropriate recommendations are given to enhance the coherence, innovation, and market mechanisms of green finance policies, ultimately contributing to the realisation of China's 'Dual Carbon' goals.