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Endogenous development of green finance and cultivation mechanism of green bankers

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Abstract

There is a great demand for the endogenous development of green finance in the new era. Green bankers can boost the supply of such growth based on bankers’ spirit and green feelings. Apart from the common features of entrepreneurship, bankers’ spirit also has some distinctive qualities, including rationality in innovation, awareness of risk management, and social responsibility. Moreover, green bankers possess a special feature—green feelings. They are committed to green finance and are sensitive enough to seize the business opportunities in it. Green bankers can contribute actively to the development of green financial services by grasping prospective development opportunities, implementing product innovation and institutional innovation, and building social networks and cultivating green culture. However, there is insufficient motivation for the development of bankers’ spirit and green feelings in China, and administrators also play a negative role in the cultivation of green bankers. Therefore, it is necessary to cultivate green bankers progressively. First, those with bankers’ spirit are supposed to become bankers. Second, bankers’ green feelings are cultivated. Third, the incentive and restraint mechanisms should be established and improved. Finally, an external environment conducive to the development of green bankers is created.

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Acknowledgements

This research was supported by the General Projects of the National Social Science Foundation of China “Precise, Efficient and Sustainable Financial Support for the High-quality Development of China’s Natural Resources Industry” (20BGL189).

Funding

This research was supported by the General Projects of the National Social Science Fund of China (Grant No. 20BGL189).

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Contributions

Wei Zhang: conceptualization, validation, and writing—review and original draft. Xuemeng Liu: visualization, formal analysis, and editing. Junxiu Liu: Formal analysis and writing—review. Yimai Zhou: formal analysis and proofreading.

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Correspondence to Xuemeng Liu or Yimai Zhou.

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Zhang, W., Liu, X., Liu, J. et al. Endogenous development of green finance and cultivation mechanism of green bankers. Environ Sci Pollut Res 29, 15816–15826 (2022). https://doi.org/10.1007/s11356-021-16933-5

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