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Cleaning up - Can China's new carbon market take off? | Finance & economics


C
HINA IS THE world’s biggest polluter. Its cars and factories release almost twice as many lung-harming carbon particles each year as in those in America. The country’s leadership has certainly been sending strong messages on cutting emissions. But its plan to reduce the carbon intensity of
GDP by 65% by 2030 (compared to 2005 levels) and to hit net-zero emissions by 2060 has done little to comfort environmentalists. China is still building hundreds of coal-fired plants. The Climate Action Tracker, which is compiled by a consortium of experts, rates its efforts to lower emissions as “highly insufficient”.
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United States , Chen Zhibin , Mervyn Tang , Climate Action Tracker , State Council , ஒன்றுபட்டது மாநிலங்களில் , மெர்வின் டாங் , காலநிலை நடவடிக்கை டிராக்கர் , நிலை சபை ,

Green finance gets newfound incentivization


Green finance gets newfound incentivization
By CHEN JIA |
CHINA DAILY |
Updated: 2021-02-10 07:16
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An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. [Photo by Tan Kaixing/For China Daily]
China to ease domestic market access for foreign investors, says PBOC official
China will make it easier for international investors to access the country s green finance market by promoting the harmonization of domestic and global green standards as part of its efforts to achieve net-zero emissions by 2060, central bank officials said on Tuesday.
The green finance industry in China needs to learn from the asset management experiences of foreign investors, such as multinational pension funds and insurance companies. Large capital injections are also needed to finance many green and low-carbon projects, said Wang Xin, head of the research bureau of the People s Bank o ....

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