World Bank loan to bolster China’s fledgling forest carbon market

Published 02:25 on December 20, 2019  /  Last updated at 20:31 on December 20, 2019  /  Asia Pacific, China  /  No Comments

The World Bank has agreed to fund almost a quarter of a Chinese government forest ecosystem programme in the upper Yangtze region set to store some 23.5 million tonnes of CO2 over the next three decades and supply carbon credits to the national emissions trading scheme.

The World Bank has agreed to fund almost a quarter of a Chinese government forest ecosystem programme in the upper Yangtze region set to store some 23.5 million tonnes of CO2 over the next three decades and supply carbon credits to the national emissions trading scheme.

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