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China vows to push forward green financial system


08-31-2016 21:10 BJT

China says it would push for the establishment of its green financial system through a series of innovative financial arrangement. As one example of this, the vice governor of China's Central Bank says a national market for carbon products will be launched in 2017.

"It is necessary to lower the cost of investment and financing to improve the revenue of green projects through Finance Discount, Guaranteed Re-lending and the Public-Private Partnership," said Chen Yulu, Vice Governor, People's Bank of China.

"Our country has decided to launch the national market for carbon products, so as to improve the liquidity of carbon trading market and the effectiveness of the pricing of carbon products."

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