China’s green bond market: The next frontier
Recent efforts to align sustainable bond principles with international best practices show that China is serious about reaching its net zero goals. But it will need to ensure it can boost standards if it is to sustain momentum and...
Troov
March 21, 2023
Since premier Xi Jinping’s pledge in autumn 2020 to peak mainland carbon emissions by 2030 and become a carbon neutral nation by 2060, China has placed climate change policy front and centre of the government’s agenda.
This has resulted in a boom in onshore and offshore green bond issuance, with Chinese corporates today accounting for 17% of the world’s total green bond supply. China is now the largest market for green bond supply, according to UK headquartered non-profit organisation, Climate Bonds Initiative CBI.
“China has fixed the two main issues concerning definition through the Green Bond Catalogue and use of proceeds through the Green Bond Principles...
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