China to update green finance standards

China will provide easier access for international investors to the domestic green finance market with an updating of domestic green finance standards and strengthening of international cooperation, according to the central bank governor. As the Chinese leadership has announced its aim to reach carbon emissions peak by 2030 and achieve carbon neutrality by 2060, the central bank will take measures to support the carbon neutrality objective, Yi Gang, governor of the People’s Bank of China, said in his speech at the Singapore FinTech Festival via video. “We will consider the possibility of mandatory requirements for financial institutions to disclose environment-related…