气候变化领域集成服务门户(CCPortal): Revising the ‘host country standard’ principle: a step for China to align its overseas investment with the Paris Agreement

CCPortal

DOI	10.1080/14693062.2019.1650702
	Revising the ‘host country standard’ principle: a step for China to align its overseas investment with the Paris Agreement
	Voituriez T.; Yao W.; Larsen M.L.
发表日期	2019
ISSN	14693062
起始页码	1205
结束页码	1210
卷号	19 期号:10
英文摘要	China’s overseas investment flows (US$ 183 billion) and stock (US$ 4.7 trillion) reached a record peak in 2016, second only to those of the US. A major cause for concern lies in the environmental sustainability of China’s overseas investment portfolio, which is compounded by the lack of transparency of China’s main development finance arms. We intend in this paper to give an update on the magnitude of green finance in China’s overseas investment and development finance portfolio on the basis of the best available estimates, and to put these figures into a broader perspective of multilateral development banks’ commitments and practices to combat climate change. We derive practical policy recommendations that Chinese development banks could take to further align China’s overseas investment with the 2°C target of the Paris Agreement, with the first step being to revise the ‘host country standard’ principle, to ensure that Chinese development banks use the most stringent of the two environmental standards, abroad or at home. Key policy insights Chinese development banks lend, give or invest between US$ 38 billion and US$ 45 billion every year to developing countries, without either elaborating on, or integrating, the provisions of the Paris Agreement into their investment strategy. Regulations and safeguards are much more stringent for China’s domestic investment than for China’s overseas investment, and this stringency gap has been widening over recent years. As a step towards aligning Chinese overseas investment with the Paris Agreement, Chinese development banks could revise the ‘host country standard principle’. They could instead choose the highest among the two–recipient country or Chinese domestic–in terms of environmental stringency, consequently harmonizing overseas environmental regulation and safeguards with those that apply domestically. © 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.
英文关键词	China; environment protection; green finance; overseas investment
语种	英语
scopus关键词	development economics; environmental protection; foreign direct investment; standard (regulation); sustainability; United Nations Framework Convention on Climate Change; China
来源期刊	Climate Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/153368
作者单位	Agricultural Research Centre for International Development (CIRAD), and Institute for Sustainable Development and International Relations (IDDRI), Paris, France; International Institute for Green Finance (IIGF), and Central University of Finance and Economics (CUFE), Beijing, China
推荐引用方式 GB/T 7714	Voituriez T.,Yao W.,Larsen M.L.. Revising the ‘host country standard’ principle: a step for China to align its overseas investment with the Paris Agreement[J],2019,19(10).
APA	Voituriez T.,Yao W.,&Larsen M.L..(2019).Revising the ‘host country standard’ principle: a step for China to align its overseas investment with the Paris Agreement.Climate Policy,19(10).
MLA	Voituriez T.,et al."Revising the ‘host country standard’ principle: a step for China to align its overseas investment with the Paris Agreement".Climate Policy 19.10(2019).