China to Provide Cheap Funding for Carbon-Reduction Loans

What’s new: China’s central bank is launching a carbon-reduction support tool to help businesses cut carbon emissions and motivate more social capital to support the country’s long-term carbon neutrality goals.

The tool will help financial institutions provide low-cost loans to enterprises based on independent decision-making and risk-taking, the People’s Bank of China (PBOC) said Monday in a statement.