| China will establish a green financing mechanism to facilitate the economy's transition to sustainable growth, becoming the first country worldwide to make such a move. The decision aims to encourage more private capital into green sectors and stem investment that might pollute the environment, according to the guidelines released Wednesday by the People's Bank of China (PBOC) and six other central authorities.
"Green growth is now part of China's development strategy and the demands for green financing keep growing as China enters a critical period for economic restructuring," Chen Yulu, PBOC deputy governor said...............................................Full Article: Source
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