China is witnessing an exponential growth in carbon reduction effort and interest in ESG and sustainable investments. Caixin will bring you a timely update with insights on what is happening in the world’s second-largest economy on climate change, impact investing, green finance and more.
Meeting the nation’s 2030/2060 goals for reducing carbon emissions will require a solid foundation of data, measurement and analysis so that there is a clear, quantifiable target, former central bank governor Zhou Xiaochuan says.
Li Auto clears hearing to sell shares in Hong Kong; Sandong Xuguo obtains $4.6 million loan backed by carbon credits; steel output curbs to limit scrap price rises
Power outages will only increase without additions to sustainable electricity generating capacity, government-backed institute finds
Shenzhen Component Index closed up 0.75%
China will keep its economic operations within “a reasonable range,” Premier Li Keqiang says. The country has become the world’s largest exporter of Covid-19 vaccines. Shopee sees China as a bulwark against threats at home. Plus, Chinese big cities will suffer more heat waves and heavier rains, Greenpeace says.
Sinopec is building its first onshore wind power project; commodity prices rises drive up import costs; Guangdong installs world’s first typhoon-resistant floating wind turbine
With carbon emissions trading about to start, a top banking regulatory official suggests that using emission permits to back loans is ‘something that can be explored’
The program, which will initially involve more than 2,200 power plants, is part of the country’s effort to use the market to help it meet its ambitious climate goals
Environmental group’s survey of 60 years of data highlights risks from extreme weather to densely populated urban areas such as Beijing and Shanghai
The implementation of carbon goals will accelerate the integration of environmental, social and corporate governance factors into the country’s development, expert says
China completes first release of copper, aluminum and zinc from national reserves in bid to cool metals prices
Bitcoin swings as China continues its cryptocurrency crackdown. Didi is accused of misleading investors in class action lawsuits.
State Council plans monetary policy instruments to encourage funding for clean energy and carbon reduction projects
Shenzhen Component Index closed up 1.86%
National Development and Reform Commission to play central role in meeting government’s ambitious goals for cutting carbon emissions