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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 YingzheIn 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
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
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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