报告名称：Blue Finance Development in Shandong Province, People’s Republic of China

发布日期：2024.04

Blue finance, which is becoming more prominent in sustainable economic development frameworks, currently falls short of global expectations in terms of capital and debt mobilization for bankable projects.

• This brief shares the Asian Development Bank’s experience of developing a blue taxonomy in Qingdao city, Shandong province, the People’s Republic of China, which involved adapting international principles, standards, and guidelines.

• The lack of precise, consistent frameworks and definitions of what qualifies as a “blue activity” can be addressed through the development and adoption of a blue finance sector taxonomy (blue taxonomy).

• To promote sustainable development standards,such as a blue taxonomy, a financial institution can consider adopting a gradual stepping-up process to ease the burden for transitioning industries while ensuring continued development momentum. However, this must be accompanied by timely enhancement of such standards to meet the highest international requirements.