06.05.2016 - Chinese banks face $1.26 trillion carbon risk
The natural capital cost of carbon emissions associated with Chinese commercial banks’ outstanding credit to 35 sectors of the economy in 2014 totalled $1.26 trillion, according to a report by environmental consultancy Trucost. That figure is derived from an overall environmental risk amounting to 11 trillion yuan, with emissions accounting for nearly 75% of the total, the report said. “This significant impact should raise immediate concerns for lenders as the Chinese government has implemented various policies to internalise unpaid natural capital costs,” it said...............................................Full Article: Source
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