绿色金融发展年度报告（2026）：支持“五碳”建设，绿色金融全面纳入国家战略体系

Group 1: Characteristics of Green Finance Development in 2025 - Six major characteristics of green finance development in China include unified standards and expanded boundaries, with multi-department collaboration to build a comprehensive support system[2] - Transition finance has become the core of development, with local standards being introduced in key reform areas, covering advanced technology and significant carbon reduction[2] - Diverse innovation in green financial products, with ESG investments and passive products facilitating the introduction of long-term green capital into the market[2] Group 2: Current Challenges and Future Trends - China's green finance is transitioning from "scale catch-up" to "quality and quantity improvement," facing challenges such as low supply efficiency and insufficient product innovation[3] - The overall service efficiency of green finance remains low, with a need for improved infrastructure and better alignment of supply and demand[3] - By 2026, green finance is expected to be fully integrated into the national strategic system, with a focus on enhancing market structure and service capabilities[5] Group 3: Market Dynamics and Innovations - The carbon market is expanding, with a trading volume of 235 million tons in 2025, a 24% increase year-on-year, although the average trading price decreased by 23.4% to 62.36 yuan per ton[28] - Innovative financial products are emerging, such as biodiversity loans and sustainable development-linked bonds, which support low-carbon transition projects in various industries[15] - The integration of digital finance and green finance is accelerating, with digital RMB supporting green consumption and cross-border trade, enhancing user engagement[25]