China Green Bulletin: China to Launch Climate Financing Pilot Programs
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Local governments to start climate financing pilot programs
China has started selecting local governments to conduct pilot programs to facilitate investment and financing for climate mitigation and adaptation. According to a work plan (关于开展气候投融资试点工作的通知) released on Dec. 23 by the Ministry of Ecology and Environment (MEE), the People’s Bank of China, and seven other departments, China will encourage pilot areas to find their own ways to bolster climate-related investment and channel more funds into climate resilience and facilitate carbon emissions reduction. The document lays out the tasks for the pilot projects such as developing carbon financing, promoting emission measurement and disclosure in environmental information, and introducing overseas investment in green industries.
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