Description du projet
Un examen plus détaillé des outils financiers verts de la Chine
Dans les opérations chinoises le long des nouvelles routes de la soie, le crédit vert chinois s’impose et devrait mener à la réussite ou à l’échec des objectifs de réduction des émissions de l’accord de Paris. Ce processus est toutefois compliqué par le manque de langage «vert» nécessaire pour définir les produits financiers. Le projet CHINGREEN, financé par l’UE, apportera un éclairage sur la financiarisation de la nature. Plus spécifiquement, il examinera la caractérisation du capital financier «vert» chinois et la manière dont il se déploie hors des frontières nationales chinoises. Il étudiera l’émission d’une obligation verte chinoise par la banque chinoise ICBC en Thaïlande, et un cas de titrisation verte par la banque multilatérale chinoise AIIB en Turquie.
Objectif
"CHINGREEN is an in-depth qualitative study of Chinese ""green-finance"" operations along the Belt & Road Initiative (BRI).
The project explores the increasing expansion of Chinese green finance by asking to what extent this is (re)shaping the definitions of global green financial practices and thus the relationship between nature and finance.
The issuance of Green Bonds and the adoption of green financial securitisation for the funding of green infrastructures are among the main tools China has adopted in its global extraversion. In this unprecedented expansion, it is now clear that the extent of Chinese-led green credit along the BRI will have a make-or-break role in meeting the Paris agreement’ emissions targets. However, as a common “green” language is yet to be established, the way financial products are defined and capitalised as “green” remains contingent and unclear. Challenges remain concerning processes of standardisation and measurement of green financial practices at a global level.
This research aims to address this knowledge gap by investigating the special characteristics of Chinese “green” financial capital and how it deploys out of the Chinese domestic borders. The research will consist of an in-depth qualitative inquiry of Chinese green finance. It will investigate the issuance of a Chinese green bond by the Chinese bank ICBC in Thailand, and a case of green securitisation by Chinese multilateral bank AIIB in Turkey. These two different financial instruments will shed light on the diversity of green financial regulations and standards in two of the regional environmental/biodiversity hotspots of the BRI corridors: South East Asia and Western Asia. The overall aim of the project is to collect empirical evidence to contribute to the larger process of financialisation of nature in its global and spatial variety.
"
Champ scientifique
Programme(s)
Régime de financement
MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)Coordinateur
30123 Venezia
Italie