Saturday, February 4, 2023
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Transportation

China May Consider Carbon Credits as Loan Collateral

GrR by GrR
July 15, 2021
in Transportation
0
56
SHARES
243
VIEWS
Share on FacebookShare on Twitter


What’s new: With China set to launch its national carbon emissions trading market, a top Chinese banking regulatory official suggested Wednesday that carbon credits may be used as collateral to obtain bank loans.

Application of carbon credits — which are permits for companies to emit a certain amount of carbon dioxide — to back borrowing is “something that can be explored,” Ye Yanfei, head of the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, said Wednesday at a State Council press conference.

As of March 31, 21 major Chinese banks have provided 12.5 trillion yuan ($1.9 trillion) of green loans, which are subject to certain environmental criteria, accounting for 9.3% of total outstanding loans, Ye said. More than 70% of the loans support green transportation, renewable energy and the energy conservation and environmental protection industry, he said.

The background: China plans to launch its national carbon emissions trading market in July to help meet the country’s ambitious climate goals, China’s environmental ministry announced Wednesday.

Zhao Yingmin, vice minister of the Ministry of Ecology and Environment, said at a press conference that online trading will commence this month and that the carbon trading market will initially involve more than 2,200 power plants across the country.

He also said the market will help the country lower its greenhouse gas emissions and meet its pledge to top out carbon emissions by 2030 and achieve carbon neutrality, or net-zero carbon emissions, by 2060.

Quick Takes are condensed versions of China-related stories for fast news you can use. To read the full story in Chinese, click here.

Contact reporter Denise Jia (huijuanjia@caixin.com) and editor Bob Simison (bobsimison@caixin.com)

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.





Source link

Previous Post

Former BP CEO Hayward launches green energy SPAC

Next Post

14 Restaurants Around the World Doing Incredible Things for Sustainability

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post

14 Restaurants Around the World Doing Incredible Things for Sustainability

  • Trending
  • Comments
  • Latest

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021

Sustainability Ambitions Soaring at KCI

December 6, 2021

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter