Progress and Prospects of Chinese and International Environmental Finance Study

There are rare foreign scholars researching the financing problem of environmental industry until the mid-90\´s of 20th century, before that time, popular was the traditional theory of public goods which were funded by governmental finance, while some quasi-public goods may be invested by private capital. With the increasing spread and expansion of financial crisis in western countries during mid-90\´s of 20th century, there was an re-thinking of financial development model, thus environmental finance with "green", cross-cutting and new features come into being. At present, research on the environmental finance at home and abroad has just started and the subject system has not yet formed, it is needed for long-term and unremitting efforts to be gradually improved.