China Industrial Bank signs fresh CO2 permit-backed loans as others retreat

Published 14:33 on April 5, 2017  /  Last updated at 18:37 on April 5, 2017  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China Industrial Bank (CIB) has signed new loan deals worth 70 million yuan ($10.2 million) using pilot market CO2 allowances as collateral, even as other major Chinese banks shy away from such agreements.

China Industrial Bank (CIB) has signed new loan deals worth 70 million yuan ($10.2 million) using pilot market CO2 allowances as collateral, even as other major Chinese banks shy away from such agreements.

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