Author information:
Bin Hu https://orcid.org/0000-0001-8805-553X: Tsinghua University, Associate Professor and Director of Global Climate Governance Research at Institute of Climate Change and Sustainable Development. E-mail: hub@tsinghua.edu.cn
Chaoyi Chen https://orcid.org/0000-0002-5166-3424: Magyar Nemzeti Bank, Senior Education and Research Expert; Budapest Metropolitan University, Visiting Lecturer. E-mail: chenc@mnb.hu
Yueran Zhang https://orcid.org/0009-0000-4263-486X: Renmin University of China, Student. E-mail: zhangyueran666@163.com
Abstract:
Amid increasing climate change challenges, the European Union (EU) aims to reduce net greenhouse gas emissions by 90 per cent by 2040, necessitating substantial green financing, which aligns with China’s commitment to carbon neutrality by 2060. This shared objective creates opportunities for deeper collaboration in green finance and technology. Hungary, a key partner in China's green finance initiatives within the EU, has significantly strengthened its economic ties with China. This paper reviews past China-Hungary green bond collaborations and offers recommendations to enhance future cooperation. Key suggestions include improving communication and coordination to manage financial risks, advocating for bidirectional green bond market openings, establishing mutual recognition mechanisms for green bond standards and enhancing transparency through improved information disclosure systems.
Cite as (APA):
Hu, B., Chen, C., & Zhang, Y. (2024). China-Hungary Green Bond Cooperation: A Review and Promising Prospects. Financial and Economic Review, 23(4), 204–218. https://hitelintezetiszemle.mnb.hu/en/fer-23-4-fa1-hu-chen-zhang
Column:
Feature Article - Challenges of the 21st Century
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