Theory and Practice of Green Finance Expenditure--Reflection on the Deepening Green Development Proposed by the 19th National Congress of CPC

JOURNAL OF CONTEMPORARY FINANCE AND ECONOMICS ›› 2019, Vol. 0 ›› Issue (1): 31-44.

Previous Articles Next Articles

Theory and Practice of Green Finance Expenditure--Reflection on the Deepening Green Development Proposed by the 19^th National Congress of CPC

WEI Jihua, JIANG Jinfa

Jiangxi University of Finance and Economics, Nanchang 330013, China

Online:2019-01-15 Published:2021-09-29
About author:Wei Jihua, Ph.D candidate of Jiangxi University of Finance and Economics, with research interest focused on fiscal and taxation theory and policy, Email: 120660226@qq.com. Jiang Jinfa, professor and doctoral supervisor of Jiangxi University of Finance and Economics, with research interest focused on fiscal and taxation theory and policy.

Abstract

Abstract: The 19^th National Congress of CPC demands to promote green development and speed up the construction of ecological civilization. Xi Jinping's thought of ecological civilization is the thought to follow and the action guideline for China to promote the green development and the construction of ecological civilization. Finance is the foundation and important pillar of national governance, and the green finance expenditure is an important means of guiding, supporting and economic guarantee for realization of socialist ecological civilization. The green finance originates from the traditional finance, it is the sublimation of the public financial system in theory, and it conforms to the intrinsic requirements of modern financial system. Green finance has innovated the traditional finance expenditure principle from such aspects as development thought, development strategy and expenditure mechanism and is based on the theories of Marx's ecological view, ecological capital theory, environmental value theory and externality theory. In order to construct green finance expenditure system which is based on the construction of ecological civilization, it is necessary to make a rational division between the green finance responsibility and the expenditure responsibility, to innovate green finance expenditure modes, and to reform the green finance expenditure management system.

Key words: green finance, green financial expenditure, green development, ecological civilization

WEI Jihua, JIANG Jinfa. Theory and Practice of Green Finance Expenditure--Reflection on the Deepening Green Development Proposed by the 19^th National Congress of CPC[J]. JOURNAL OF CONTEMPORARY FINANCE AND ECONOMICS, 2019, 0(1): 31-44.

References

[1] Andersen M.S. Governance by Green Taxes: Making Pollution Prevention Pay [M]. Manchester: Manchester University Press,1994.
[2] Bai Rui.The Construction of Government Green Supervision System in the Context of "Green Development"[J]. Journal of the Party School of CPC Changchun Municipal Committee, 2014, (5): 30-33.
[3] Gao Peiyong. Modern Finance and Public Finance Are Not Contradictory [N]. People's Daily, 2015-04-01(007).
[4] Han Wenbo.On Green Finance[J]. Public Finance Research, 2006, (1): 56-58.
[5] Hong Xiaodong.The Defining of Environmental Powers and Spending Responsibilities Between Central and Local Governments[J]. Sub National Fiscal Research, 2018, (5):60-66.
[6] Jia Kang, Wang Min.Research on Financial Policy to Promote Clean Development[J]. Research On Financial and Economic Issues, 2009, (10): 95-105.
[7] Karl Marx.Critique of Political Economy [M]. Beijing: People's Publishing House, 1961
[8] Liu Wei.Fiscal and Taxation Policies to Promote the Building of an Ecological Civilization[J]. Administration Reform, 2018, (1): 28-34.
[9] Lu Hongyou, Xu Wenli.Analysis of the "Government - Market - Society" Mechanism of China's Ecological Civilization[J]. Public Finance Research, 2015, (11): 64-69.
[10] Mao Xiaoying.Green Finance: Connotation, Theoretical Basis and Policy Framework[J]. Research on Financial and Economic Issues, 2016, (4): 83-87.
[11] Paul R. Portney, Robert N.Stavins. Public Policies for Environmental Protection (2nd edition) [M]. Translated by Mu Xianqing, Fang Zhiwei, Shanghai: Shanghai Joint Publishing, 2004
[12] Pigou A. The Economics Welfare (4th Edition)[M]. London: Macmillan & Co.,1960,3(10) :1-44.
[13] Qin Chengmin.Thinking on the Fiscal Policy of Green Economy[J]. Friends of Accounting, 2011, (26): 96-97.
[14] Samuelson P.A. The Pure Theory of Public Expenditure[J]. Review of Economics & Statistics,1954,36(4) :387-389.
[15] Shen Manhong, Xie Huiming, Wang Jin.The "Zhejiang Model" for the Establishment of Ecological Compensation System[J]. Journal of Zhejiang Party School of CPC, 2015, (4): 45-52.
[16] Shi Dan.The Theory and Practice of China's Industrial Green Development: The Policy Choice of Deepening Green Development by the 19^th National Congress of CPC[J]. Contemporary Finance & Economics, 2018, (1): 3-11.
[17] Su Ming, Liu Junmin, Zhang Jie.Research on Public Finance Policy to Promote Environmental Protection[J]. Public Finance Research, 2008, (7): 20-33.
[18] Xie Yan.Improving the Financial Support Policy for Green Development[J]. China State Finance, 2014, (20): 68-69.
[19] Xu Shunqing, Lu Yuantang, Chen Peng, Gao Jun.Research on the Status Quo and Development Trend of Fiscal Expenditure for Environmental Protection[J]. Ecological Economy, 2018, (2): 71-76.
[20] Yan Lidong, Hao Wenjie, Deng Yuanjian.Green Fiscal Policy and Sustainable Use of Ecological Resources[J]. Public Finance Research, 2009, (12): 37-40.
[21] Yan Lidong, Tan Bo, Liu Jialin.Ecological Capitalization: The Realization of the Value of Ecological Resources[J]. Journal of Zhongnan University of Finance and Economics, 2009, (2): 3-8.
[22] Zeng Jifa.Strategic Thinking on Constructing China's Green Finance System[J]. Sub National Fiscal Research, 2011, (2): 64-67.
[23] Zheng Xuemei.Research on China's Ecological Finance System and Policy [M]. Chengdu: Southwestern University of Finance and Economics Press, 2009.
[24] Zhong Zhenshan.The Philosophy of Ecological Civilization of Socialist Political Economy with Chinese Characteristics: Origin, Evolution and Epochal Connotation[J]. Journal of Jiangxi University of Finance and Economics, 2017, (1): 12-19.

Theory and Practice of Green Finance Expenditure--Reflection on the Deepening Green Development Proposed by the 19^th National Congress of CPC

PDF

Knowledge

Abstract

Cite this article

share this article

References

Related Articles 0

Recommended Articles

Metrics