Chinese banks explore ways to back forest carbon schemes

Published 10:22 on July 5, 2021  /  Last updated at 10:43 on July 5, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Agricultural Bank of China has approved a loan to an olive oil company taking future expected income from carbon credit sales as security, as lenders keep exploring ways for forest owners to secure hard-to-get loans after the government identified carbon sinks as a key means to meet China’s long-term climate goals.

Agricultural Bank of China has approved a loan to an olive oil company taking future expected income from carbon credit sales as security, as lenders keep exploring ways for forest owners to secure hard-to-get loans after the government identified carbon sinks as a key means to meet China’s long-term climate goals.

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