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China Central Bank Provides $13.4 Billion to Banks for Green Projects Financing

31st December 2021 | Hong Kong

China Central Bank, the People’s Bank of China (PBOC), has provided the first batch of $13.4 billion of low-cost loans to banks and financial institutions to supporting their lending for Green Projects financing.   China roadmap is to achieve net-zero carbon emission by 2060.  In October 2021, Chinese Communist Party Central Committee and the State Council had released the: Working Guidance for Carbon Dioxide Peaking and Carbon Neutrality in Full and Faithful Implementation of the New Development Philosophy, was released by the Chinese Communist Party Central Committee and the State Council.

“ China Central Bank Provides $13.4 Billion to Banks for Green Projects Financing “

 



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China Roadmap to Net-Zero by 2060

China City 3
Shanghai Pudong City | Leading Financial Centre in Asia

In October 2021, Chinese Communist Party Central Committee and the State Council released the Working Guidance for Carbon Dioxide Peaking and Carbon Neutrality in Full and Faithful Implementation of the New Development Philosophy.

“To peak carbon dioxide emissions and achieve carbon neutrality is a major strategic decision taken by the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core in light of both domestic and international imperatives. This is the natural choice for China to address acute resource and environmental constraints and achieve sustained development of the Chinese nation, and constitutes China’s solemn commitment to building a shared future for mankind.”



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