China to ban domestic ivory trade by end of 2017 (Thomson Reuters: Jan 3, 2017)
China announced complete ban on domestic trade to close the world’s biggest end-market for poached ivory. A first batch of factories and shops to be closed by March 2017.
China names and shames polluting factories (Xinhua: Jan 6, 2017)
The Ministry of Environmental Protection published a list of companies violating anti-smog measures. Punishment to be specified by local authorities.
Green and clean (Shanghai Daily: Jan 13, 2017)
The Shanghai Clearing House and the Shanghai Environment and Energy Exchange launched central counterparty clearing for carbon emission allowances trading.
Chinese banks to retain role as leading issuers of green bonds in 2017 (South China Morning Post: Jan 4, 2017)
Chinese commercial banks and supranational financiers are expected to continue to dominate green bond issuance domestically and globally this year, bankers say.
Yunnan Water Investment Co., Limited issues green bond (HKEX: Jan 5, 2017)
Yunnan Water is approved by NDRC to issue green bond at value not exceeding RMB550,000,000, and term of maturity of ten years.
Smog-choked China may fast-track green debt, top banker says (Bloomberg Carbon: Jan 17, 2017)
Chinese government is expected to accelerate its approvals to offer tax breaks to green bond investors, as a natural first step to incentivize sustainable finance.
China to invest £292bn in renewable power by 2020 (The Guardian: Jan 5, 2017)
The National Energy Administration laid out five-year plan to invest in renewable energy, which would contribute to about half of new electricity generation by 2020.
Taiwan to phase out nuclear power by 2025 (GBTIMES Beijing: Jan 12, 2017)
As per document approved by legislative body, Taiwan will close nuclear power plant and promote renewable energy.
It can power a small nation. But this wind farm in China is mostly idle (New York Times: Jan 15, 2017)
Some of China’s most ambitious renewable energy projects are underused. Effect of the heavy investment by the government faces both political and practical obstacles.
In latest move, China halts over 100 coal power projects (Thomson Reuters: Jan 20, 2017)
The National Energy Administration suspended more than 100 coal-fired power projects in 11 provinces worth $62 billion, some already under construction.
Air China bans shark fin cargo, reflecting dramatic shift in attitude (Washington Post: Jan 8, 2017)
Air China has joined some 36 airlines globally to preserve marine ecosystem by observing no shark fin carriage policy.
ANT Financial Services and UN Environment launch Green Digital Finance Alliance (Green Digital Finance Alliance: Jan 19, 2017)
At the World Economic Forum, ANT Financial Services and UNEP launched the ‘Green Digital Finance Alliance’ to align fintech with sustainable development needs.
Acknowledging China's role in driving sustainable finance (Eco-Business: Jan 23, 2017)
China took initiatives in sustainable finance at both Davos and G20 meetings. It raises speculation that China will lead the climate fight by both implementing domestic reform agenda and embracing a global role.
2017: What next for green finance? (China Dialogue: Jan 24, 2017)
For countries to turn their Paris Agreement commitments into practical pipelines, they could plan at the national level, utilize public finance where market cannot reach, and encourage convergence of standards cross national borders.