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China s growing carbon financing market lacks clear, unified regulatory standards

China s growing carbon financing market lacks clear, unified regulatory standards ANI | Updated: May 11, 2021 20:17 IST 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.

China s growing carbon financing market lacks standards

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.

Regulators struggle to keep up with China s growing carbon financing market

The Straits Times Regulators struggle to keep up with China s growing carbon financing market China still needs coal-fired power plants for electricity while developing cleaner sources of energy, says an expert. PHOTO: REUTERS PublishedMay 10, 2021, 1:40 pm SGT https://str.sg/Jtzu They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

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