GREEN FINANCE

Green finance has two meanings: one is how the financial industry can promote environmental protection and sustainable development of the economy and society. The former points out that the role of "green finance" is to guide the flow of funds resource-saving thchnology development and ecological environmental protection industries; to guide enterprises to focus on green protection; and to guide consumers to form green consumption concept. The latter makes it clear that the financial industry should maintain sustainable development and avoid excessive speculative behaviour focus on short-term interests.

   Achieving green finance is a necessary way to enhance corporate reputation with the increasing public awareness of environmental protection, governments and people in many countries have put forward new requirements for corporate social responsibility. In this condition, the more companies make efforts to undertake their responsibility the more they can win recognition of their companies so that enterprises can establish a better social image and social reputation. Benifit from enhanced environmental standards, the market for turbocharger is expanding rapidly worldwide. IHI and Mitsubishi Heavy Industries, which are in the third group worldwide, are preparing to catch up with the leading American companies through new thchnologies. The turbocharger industry's recovery began around 2000. At that time, European companies were promoting the "miniaturization" of engines in response to increasingly strict environmental regulations, and engine miniaturization became a powerful way to reduce harmhul substances.

Green finance will achieve sustainable financial development through innovative financial mechanisms and by actively investing in sustainable projects, in other words, by changing the core business philosophy within financial enterprises to focus more on the interests of human society and the ptotection of the environment to achieve profits. Instead of the traditional business model of profit maxmization. Economic interests above all else will make companies ingore their responsibility and not consider the impact of recource, environment and ecological factors on society in the process of making decisions. However, the emergence of green finance will fill the gap of sustainable development of society.