China Needs to Raise Green Finance Standards to Meet Targets


Source: bnnbloomberg.ca bnnbloomberg.ca

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(Bloomberg) -- China needs to improve its green finance standards and require banks to reveal more carbon emission information for the country to meet its carbon neutral pledge by 2060, according to a top official from the green finance sector. While “clean coal” plants have been removed from the latest draft list for projects that can be funded by green bonds, other standards for green finance haven’t been adjusted accordingly, Ma Jun, chairman of China Green Finance Committee, said in a speech on the weekend. “To achieve the carbon neutral goal, we need a large amount of green and low-carbon...