Abstract: It has been proposed by the 3rd plenum of the 18th Chinese Communist Party Congress that a system should be developed for pricing and compensating the usage of natural resources.  In order to implement the national strategy of promoting ecological civilization and green development, the municipal government Huzhou (in Zhejiang Province) compiled its Natural Resource Balance Sheet, the first such attempt in China. This paper reviews the experience of Huzhou in compiling the natural resource balance sheet. In particular, we discuss the principles, framework and statistical approaches used for the balance sheet compilation. We also make a few recommendations on how to apply national resource balance sheets in advancing green finance in China.

Full report ：WP No.20166 Natural Resource Balance Sheet and Green Finance——The Case of Huzhou.pdf