PBOC Adds Green Bonds to System for Grading Financial Institutions

Caixin Global | Jun 10, 2021 at 9:01 PM
  • China’s central bank will include green bonds in an evaluation system for reviewing financial institutions’ business performance in green finance, as part of efforts to fulfill Beijing’s ambitious climate goals.
  • Beijing has committed to bringing carbon emissions to a peak by 2030 and reducing them to net zero by 2060.
  • Financial regulators have been working on various ways for finance to play a significant role in the country’s green transition, including developing carbon markets and green financing.