News Snapshot:
China faces a shortfall of 44 trillion yuan (US$6.5 trillion) in green financing over the next four decades as it strives to hit its carbon neutrality goal, according to a new report. The country will need to raise about 140 trillion yuan from green bonds and other environmentally friendly funding tools to become carbon neutral by 2060, but will fall short by 44 trillion yuan, said the report published by the World Economic Forum (WEF) and consulting company Oliver Wyman on Thursday. This means it needs to fill a funding gap of 1.1 trillion yuan each year between 2020 and...
