CX Daily: China’s Green Lending Boom Leaves Polluting Industries Struggling for Funds
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Analysis: China’s Green Lending Boom Leaves Polluting Industries Struggling for Funds
Since China announced its “carbon peak” and “carbon neutrality” goals in 2020, its green credit market, already the world’s largest, has continued to expand. By the second quarter of this year, outstanding green loans in the country’s banking sector reached 48.6 trillion yuan ($7.3 trillion), accounting for 17% of all loans.
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