China s growing carbon financing market lacks standards
ANI
12 May 2021, 01:27 GMT+10
Beijing [China], May 11 (ANI): China s rapidly growing carbon financing market lacks clear and unified regulatory standards to guide financiers to worthwhile projects and help them assess the carbon-reduction benefits of their investments.
The need to clarify standards shows how China s regulatory regime has lagged behind developments in the carbon financing market, a crucial tool for making the green transition necessary to meeting the country s goal to achieve net-zero carbon emissions by 2060, reported The Straits Times. The investment in carbon-neutrality won t just come out of thin air. Every investment needs to be based on guidance and calculation, China s former central bank chief Zhou Xiaochuan said at a recent seminar.
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