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Green finance to aid China's low-carbon shift By SHI JING in Shanghai | China Daily | Updated: 2021-04-28 09:36 Share CLOSE Workers check photovoltaic panels of a solar power project in Hai'an city, Jiangsu province, on April 6. [Photo by ZHAI HUIYONG/FOR CHINA DAILY]
Increased use of capital to support country's efforts to achieve neutrality goals by 2060
China's resolve to further cut greenhouse gas emissions and realize carbon neutrality will be facilitated by financial markets, experts said.
President Xi Jinping announced in September that China would peak carbon emissions by 2030 and achieve carbon neutrality by 2060.
Yi Gang, governor of the People's Bank of China－the nation's central bank－said at the recent Boao Forum for Asia Annual Conference 2021 in Hainan province that the central bank and other top regulatory bodies will continue to perfect the green finance mechanism from the top down so that more capital will be utilized to support the country's low-carbon transformation.
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