China, the world’s top greenhouse gas emitter, aims to be carbon neutral by 2060. Beijing is taking steps towards sustainable finance but faces challenges as high-carbon loans make up a large share of financial institutions’ assets. However, China’s commitment to emission reduction offers a vast potential for green finance, with its market already valued at US$2.3 trillion, as per UBS.
Read more at Forbes
Summary
Article Name
China's Green Finance Leadership Ambition
Description
China, the world’s top greenhouse gas emitter, aims to be carbon neutral by 2060.
Author
Susan Jane
Publisher Name
Forbes
Publisher Logo
