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Industrial Bank issues China s first carbon sink loan worth 18m yuan

China's first carbon sink loan totaling 18 million yuan (about $2.77 million) was issued by the Industrial Bank Co Ltd on Wednesday.

Industrial Bank issues China s first carbon sink loan worth 18 mln yuan

Industrial Bank issues China s first carbon sink loan worth 18 mln yuan
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Lenders give carbon finance innovation lift

Lenders give carbon finance innovation lift By JIANG XUEQING | China Daily | Updated: 2021-06-30 08:03 Share Structured green deposits, special bonds all the rage as emissions trading nears The imminent launch of a national carbon emissions trading scheme has prompted banks in China to strengthen innovation of certain financial products related to the theme of carbon neutrality. Lenders have been doing that since the beginning of this year. For instance, HSBC China launched green deposits for its corporate clients in the Chinese mainland last week. HSBC China s clients now have an opportunity to fulfill their sustainability goals by investing their surplus cash in environmentally friendly projects in sectors like renewable energy, sustainable waste management, energy efficiency and clean transportation.

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