How one think tank is helping step up green finance initiatives in China
Environmentally friendly banking practices could help conserve forest resources
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A legally protected ancient tree surrounded by tree plantation plots in Red Earth Township, Dongquan County, Yunnan Province, China. CIFOR/Louis Putzel
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The global environmental challenges the world faces require multilateral solutions that involve public and private stakeholders. Increasingly, there is a push to develop green financial systems that offer incentives for corporate actors to reduce carbon emissions, invest in clean energy sources and prioritize conservation of natural resources.
Over the past five years, China has made headlines for its green finance approach to pursuing an “ecological civilization” that can address the dual objectives of development and environmental protection, which is embedded into its national goals.