By Reuters Staff
2 Min Read
BOAO, China (Reuters) -China will require financial institutions to transition towards green finance as early as possible, to help achieve the country’s carbon neutrality goals, central bank governor Yi Gang told the Boao Forum on Tuesday.
FILE PHOTO: China s Central Bank Governor Yi Gang speaks at the China Development Forum in Beijing, China March 24, 2019. REUTERS/Thomas Peter
China’s President Xi Jinping has promised to bring the country’s climate-warming greenhouse gas emissions to a peak before 2030 and achieve carbon neutrality by 2060, committing the country to an accelerated transition to renewable energy.
“We will urge financial institutions to make transitions as early as possible,” Yi said.
China to require financial institutions to move towards green finance - central bank governor
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