Research on the Development of Green Funds Based on ESG Investment Principles: A Case Study of Green Fund Development in Inner Mongolia

Since 2010, in response to the increasingly severe global climate change issues and the contradiction between economic development and environmental protection, green economy has become a global consensus for economic development. In the construction of China’s green financial system, the development of green funds plays a key role as an engine for green economic growth. Among them, green funds jointly established by the government and social capital will become an important pathway for promoting ESG (Environmental, Social, and Governance) investment principles. Based on Inner Mongolia’s firm commitment to the “ecology-first and green development-oriented high-quality development” strategy, this paper argues that the vigorous development of green funds, in practice of ESG investment principles, will accelerate the establishment of a modern industrial system with green characteristics, promote the construction of national strategic energy and resource bases, and achieve the strategic goals of modern energy economic development.