Carbon Finance Business Models of China Commercial Banks: Towards a Context of China Pilot Carbon Trading Scheme

Abstract

Banking institutions play an important role in the field of carbon finance. The early carbon finance business models of China banks are based on the Clean Development Mechanism under Kyoto Protocol framework. Now China pilot carbon trading scheme provides opportunities for domestic commercial banks to reconstruct their carbon finance business models under the specific China context. This article put forward policy suggestions of developing carbon finance business models for domestic banks through series procedures including making judgment the types, discriminating the strategic focus, and analyzing the institutional environments of carbon finance business models.