Green finance. China´s cities have relied in recent decades on sale of sub-urban land. Other revenue sources have taken back seat. In the context of the continuing and massive urban renewal and modernization of cities, there is a need to develop new non-conventional revenue streams to maintain existing investment dynamics. In order to support low-carbon development in transport, energy sector, buildings, water, waste management, greening of industries, there is also a need to develop green financing tools. Recently, Chinas has seen an exponential growth of green bonds and other means of financial innovation which may help to put low-carbon urban development on more stable feet. The government’s targets of increased efficiency of energy resources development, green city planning, and reduced emission standards, it is assumed that green municipal financing will become a requirement if the above targets are to be achieved.
