Research on Green Supply Chain Finance Model With Multi-Party Participation

Research on Green Supply Chain Finance Model With Multi-Party Participation

Syed Shahid Khan (Department of Management Sciences, Mohammad Ali Jinnah University, Pakistan)
DOI: 10.4018/978-1-7998-2173-1.ch013

Abstract

Green supply chain and green finance, like effective market means, have played an important role in environmental governance since the reform and opening up in China for 40 years, and have accumulated rich practical experience in many regions and fields. In the new stage of social development and environmental management system construction in the new era, the organic combination of green supply chain and green finance will be very important for speeding up the construction of ecological civilization and achieving the sustainable development of the Chinese nation. This chapter summarizes the current situation and existing problems of green supply chain and green finance, and analyses the reasons why green supply chain finance can be used as a means to break through the bottleneck of environmental management, and creatively puts forward a new model of green supply chain finance with multi-participation, which provides reference for the government, financial institutions, and enterprises to make environmental management decisions.
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Introduction

Since the concept of green supply chain and green finance was put forward in 1990s, they have been widely used in China as market means of environmental governance. After years of practice and development, at the APEC Annual Conference in Beijing in 2014 and the G20 Summit in Hangzhou in 2016, China proposed to the international community the initiative of jointly promoting green supply chain and green finance, contributing to the wisdom of developing countries in solving environmental and development problems. Under the background of the new era, in order to better play the role of the market and promote the green transformation and sustainable development of private economy and small and medium-sized enterprises, the concept of green supply chain finance emerged as the times require. At the same time, “Guidelines on Actively Promoting Supply Chain Innovation and Application” and “Notice on Developing Pilot Supply Chain Innovation and Application” were released in late 2017 and early 2018 respectively, further promoting the application of green finance in the green supply chain. As a contributor of green finance and green supply chain concept and practice experience, China provides a favorable environment for the innovation of green supply chain finance. The development of green supply chain finance will enhance the efficiency of environmental governance through market and financial means, encourage the development of green industry, and drive small and medium-sized enterprises to achieve green transformation and upgrading, so as to promote the overall improvement of the environment, reduce greenhouse gas emissions and achieve the “five links”, which further promote the green, low-carbon and sustainable development of the region.

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