Green Bonds Issuance And Chinese Sustainable Governance

Hiroshige Tanaka

Research Organisation
Chuo University

Report Date
Feb. 5, 2021

Document summary

Since 1978, the implementation of reforms and the opening up of markets have resulted in rapid and sustained growth for the Chinese economy. However, for this growth to be sustained, China faces a number of significant challenges arising from non-economic factors, including social security weakened by the pandemic and an increase in the frequency of natural disasters associated with climate change. Green bonds issuance is an effective tool for funding the infrastructure required to meet these challenges. However, these bonds often neglect the social impacts of projects that they are used to fund. Using multi stakeholder analysis, this detailed, technical paper explores how these factors can be incorporated into bonds and promote the construction of social as well as physical infrastructure.