中国绿色信贷成本收益核算研究

Cost and Benefit Accounting of Green Credit in China

中文关键词:  绿色信贷  成本收益分析  直接成本与收益  间接成本与收益

英文关键词:green credit  cost benefit analysis  direct cost and benefit  indirect cost and benefit

中文摘要:

      为充分识别、量化和评估绿色信贷的成本与收益，本文从银行和社会两个角度，梳理绿色信贷的直接（间接）成本和直接（间接）收益的类型和内涵，提出全面核算绿色信贷成本与收益的一般框架，以我国21家主要商业银行2013—2017年绿色信贷实施情况为例探讨了该框架的可行性。依据该核算框架对银行的直接成本和收益、社会的直接收益进行了定量核算，对银行的间接成本和收益、社会的直接和间接成本、社会间接收益进行了定性分析。结果表明：多数商业银行施行绿色信贷能带来利润；近半数银行的绿色信贷项目收益率在全行信贷项目平均收益率之上；核算期内绿色信贷节能减排的环境效益累计达1.03万亿元，平均每万元绿色信贷投放带来253元环境效益。本文为实现绿色信贷影响的综合分析、绿色信贷环境外部性内生化提供了科学的分析方法，对政府和商业银行实施绿色信贷政策具有重要意义。

英文摘要:

      To identify, quantify and assess the cost and benefit of green credit, this study proposes the cost and benefit of green credit should both consist of direct and indirect parts from the perspectives of banks and society, and establishes a general framework for the comprehensive evaluation of the cost and benefit of green credit. To examine the feasibility of the established framework, the implementation of green credit in 21 major commercial banks of China from 2013 to 2017 is then taken as an example. The results show that most commercial banks could obtain profits from green credit. In nearly half of the banks, the yield of green credit project was more than average yield of the corresponding bank's credit project. The environmental benefits, that are direct social benefits of green credit, were 1.03 trillion RMB in total and had an average of 253 RMB per 10,000 RMB of green credit. This study provides an effective method for analyzing the comprehensive impacts of green credit, and internalizing environmental externality of green credit.The results are of great significance for the government and commercial banks to implement the green credit policy.