Asia Pacific > China’s Industrial Bank signs first voluntary carbon forestry offset forward deal

China’s Industrial Bank signs first voluntary carbon forestry offset forward deal

Published 12:53 on March 18, 2021  /  Last updated at 12:53 on March 18, 2021  / Stian Reklev /  Asia Pacific, China, International, Voluntary

China’s Industrial Bank on Thursday unveiled a deal involving upfront funding and forward purchase of carbon credits from a forestry project in Fujian province, a first of its kind in China that observers say can help overcome financing challenges for voluntary forestry schemes.
China’s Industrial Bank on Thursday unveiled a deal involving upfront funding and forward purchase of carbon credits from a forestry project in Fujian province, a first of its kind in China that observers say can help overcome financing challenges for voluntary forestry schemes.


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