Research on the Review and Supervision Mechanism of Green Credit

Abstract

Green credit involves the government, enterprises and commercial banks, among which commercial banks are not only the executors of the government’s macro-control functions, but also the lenders of credit business, which are both public and commercial, and are the core subjects of green credit. Due to the different classification standards of green credit, the low availability of environmental information and the lack of third-party auxiliary institutions, commercial banks are left without resources when auditing green credit enterprises and projects, but the necessary supervision mechanism is lacking because of the ambiguous division of supervision subjects and their responsibilities. In order to prevent the phenomenon that commercial banks neglect the audit, which virtually helps enterprises to cause environmental and resource damage accidents, we should improve the review and supervision mechanism of green credit from two aspects: unifying the classification standards of green credit and establishing the legal system of green credit supervision.