Dec 10, 2022 07:02 PM

China Central Bank Official Calls for Orderly Carbon Reduction

Photo: VCG
Photo: VCG

(Bloomberg) — China should pursue any transition to green economic activity in an orderly manner and avoid any “campaign-style” carbon reductions at its financial institutions, a deputy central bank governor said.

Financial institutions must resist exit from high-carbon assets by enhancing their ability to identify green and low-carbon economic activities and coping with financial risks linked to climate change, the People’s Bank of China’s Xuan Changneng, said Saturday at the Bund Summit in Shanghai.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code