News Snapshot:
The plan, backed by five government agencies, includes the introduction of a carbon market and two-way cross-border participation in green finance and climate-friendly investment. Five Chinese government agencies have released new guiding opinions to promote the field of ‘climate investment and finance’ in China, including through the establishment of a carbon emissions trading market mechanism. The guidelines were jointly published by the Ministry of Ecology and Environment, the NDRC (National Development and Reform Commission), the PBOC (People’s Bank of China), the CBIRC (China Banking and Insurance Regulatory Commission) and the CSRC (China Securities Regulatory Commission). Under the guiding opinions, the...
