Year-ender: Major financial events in 2021
China's central bank makes green finance a priority
As China sets its goal to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, green finance - the economic activities that support environmental protection, save resources and tackle climate change -- has become one of the priorities for the Chinese government during the 14th Five-Year Plan period.
"Green finance" also refers to financial services for project investment, operation and risk management in environmental protection, energy conservation, clean energy, green transportation, green building and other fields, according to the People's Bank of China.
For example, PBOC planned to launch a support toolkit to provide low-cost funds for carbon emission reduction projects, promote information disclosure and commercial credit ratings.
In the first eight months, China's issuance of green bonds jumped by 152 percent from a year ago to exceed 350 billion yuan, already surpassing the figure issued for the whole of last year.
