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VC, PE companies expanding green efforts


VC, PE companies expanding green efforts
By CHENG YU |
China Daily |
Updated: 2021-05-06 09:10
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Employees push out a newly assembled electric cart at a new energy vehicle manufacturing factory in Huaibei, Anhui province, on April 19. [Photo/XINHUA]
Funding to help early-stage firms endure difficulties, meet carbon goals
Chinese venture capital and private equity firms are set to play a bigger role as the country accelerates its steps to peak carbon emissions and achieve carbon neutrality while pursuing higher-quality development, according to industry insiders.
Achieving the goal of carbon neutrality may need trillions of yuan in investment and decades of continuous efforts. During the process, VC and PE firms, which are mostly market-oriented, can give full play to their driving role, said Zhang Lei, founder of global investment firm Hillhouse Capital. ....

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Green finance to aid China's low-carbon shift


Green finance to aid China s low-carbon shift
By SHI JING in Shanghai |
China Daily |
Updated: 2021-04-28 09:36
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Workers check photovoltaic panels of a solar power project in Hai an city, Jiangsu province, on April 6. [Photo by ZHAI HUIYONG/FOR CHINA DAILY]
Increased use of capital to support country s efforts to achieve neutrality goals by 2060
China s resolve to further cut greenhouse gas emissions and realize carbon neutrality will be facilitated by financial markets, experts said.
President Xi Jinping announced in September that China would peak carbon emissions by 2030 and achieve carbon neutrality by 2060.
Yi Gang, governor of the People s Bank of China-the nation s central bank-said at the recent Boao Forum for Asia Annual Conference 2021 in Hainan province that the central bank and other top regulatory bodies will continue to perfect the green finance mechanis ....

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