China’s central bank unveils new lending policy to fund decarbonisation

Published 08:36 on November 9, 2021  /  Last updated at 08:36 on November 9, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

The People’s Bank of China (PBOC) has unveiled a new lending policy to provide cheaper funding to carbon reduction efforts, a move analysts say can inject at least a trillion yuan ($160 billion) into the market.

The People’s Bank of China (PBOC) has unveiled a new lending policy to provide cheaper funding to carbon reduction efforts, a move analysts say can inject at least a trillion yuan ($160 billion) into the market.

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