Regulators aren’t able to keep up with China’s growing carbon-finance market
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Yi Gang, Governor of People's Bank of China, speaks via video link at the roundtable on financing carbon neutrality on April 20, 2021.
Synopsis
The carbon-finance market is a crucial tool for the country to achieve net-zero carbon emissions by 2060. But the rapidly growing market lacks clear and unified regulatory standards to guide financiers to worthwhile projects and help them assess the carbon-reduction benefits of their investments.
By Guo Yingzhe In just three months of this year, China companies have issued more than 80 billion yuan ($12.3 billion) in carbon-neutrality bonds and asset-backed securities, putting the country on its way to supplying a sliver of the enormous sums that will be needed to finance its transition to a low-carbon economy. However, China’s rapidly growing carbon financing market lacks clear and unified regulatory standards to guide financiers to
BY
Caixin Global
7 mins read
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