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China to launch environmental credit rating system

Posted on 06 January 2014

Heavy polluting Chinese companies could struggle to secure new loans and subsidies from the government, under new plans designed to help tackle the country’s ongoing smog crisis. According to Bloomberg reports, China’s Ministry for Environmental Protection last week issued a statement confirming that a new environmental credit rating system will come into effect on 1 March.
Under the new initiative, companies will be given a colour-coded score on a spectrum from red to green, based on how much air pollution they emit and the steps they are taking to enhance environmental protection………………………………………..Full Article: Source


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