How China’s green finance slowdown threatens global climate ambitions

//How China’s green finance slowdown threatens global climate ambitions

How China’s green finance slowdown threatens global climate ambitions

Contrary to China’s grand climate ambitions, the work to bring its financial system in line is slowing down. The decentralised financial system in China has, at times, been leading the effort on climate change. Yet, as political ambitions have caught up with the financial sector, progress has stalled, and last year’s numbers are out of tune with President Xi Jinping’s goal of reaching carbon neutrality by 2060. Past estimates from the People’s Bank of China’s chief economist, Ma Jun, said…

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By | 2021-02-21T19:30:04+00:00 February 21st, 2021|Business|Comments Off on How China’s green finance slowdown threatens global climate ambitions