Since premier Xi Jinping’s pledge in autumn 2020 to peak mainland carbon emissions by 2030 and become a carbon neutral nation by 2060, China has placed climate change policy front and centre of the government’s agenda.
This has resulted in a boom in onshore and offshore green bond issuance, with Chinese corporates today accounting for 17% of the world’s total green bond supply. China is now the largest market for green bond supply, according to UK headquartered non-profit organisation, Climate Bonds Initiative CBI.
“China has fixed the two main issues concerning definition through the Green Bond Catalogue and use of proceeds through the Green Bond Principles...
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