报告名称:Blue Finance Development in Shandong Province, People’s Republic of China
发布日期:2024.04
Blue finance, which is becoming more prominent in sustainable economic development frameworks, currently falls short of global expectations in terms of capital and debt mobilization for bankable projects.
• This brief shares the Asian Development Bank’s experience of developing a blue taxonomy in Qingdao city, Shandong province, the People’s Republic of China, which involved adapting international principles, standards, and guidelines.
• The lack of precise, consistent frameworks and definitions of what qualifies as a “blue activity” can be addressed through the development and adoption of a blue finance sector taxonomy (blue taxonomy).
• To promote sustainable development standards,such as a blue taxonomy, a financial institution can consider adopting a gradual stepping-up process to ease the burden for transitioning industries while ensuring continued development momentum. However, this must be accompanied by timely enhancement of such standards to meet the highest international requirements.