Thursday 6 May 2021
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scmp - 20 days ago

China’s carbon-neutrality plans now in the hands of central bank, which will ramp up green financing and establish carbon-trading market

China’s central bank is now spearheading the country’s carbon-neutrality initiative, with plans to provide low-cost capital, boost green financing and invigorate the carbon-trading market to fund the ambitious undertaking.Its involvement comes after President Xi Jinping vowed in September to make China carbon neutral by 2060.The People’s Bank of China (PBOC) will create carbon-reduction-facilitation tools to provide funding support, and it will boost green financing channels, PBOC governor Yi…


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