Biggest green bond issuer: Bank - Industrial Bank of China
(Environmental Finance: Apr 10, 2017)
Issuance from China soared from just $1.3 billion in 2015 (from just two bonds) to $30.5 billion (from 31 issues) last year, representing some 39% of the global market. Industrial Bank alone issued some $7.8 billion, making it the largest issuer in the global market last year.
GEF grant to assist China’s efforts to phase out POPs (The World Bank: Apr 7, 2017)
The World Bank’s approved a $24.25 million grant from the Global Environment Facility (GEF) to support China’s efforts to reduce perfluorooctane sulfonic acid in selected sectors and enterprises in a sustainable manner.
Cashless Alliance launched in China (UN environment: Apr 19, 2017)
ANT, in collaboration with UN Environment and other partners, launched the Cashless Alliance in Hangzhou, envisioning a cashless society for ANT’s business partners that is green and inclusive.
China seeks to launch green industry fund with World Bank (China Daily: Apr 26, 2017)
China is seeking to launch a green industry fund with the World Bank, to support projects helping to protect the environment, among which some are expected to support the Belt and Road Initiative in particular to meet the gap for green infrastructural construction.
As the US retreats, China is taking the lead on green energy (The Globalist: Apr 19, 2017)
China provides close to triple the average annual energy lending of the World Bank and all the Western-backed multi-lateral development banks combined.
Northern China chokes on fake emissions data (Caixin: Apr 6, 2017)
Recent Environmental Ministry inspections found that one-third of manufacturers in northern China had tampered with emissions data to avoid heavy penalties. Over 3,100 factories were found having altered real-time pollution data in the monitoring systems
Soil remediation in China: How a huge pollution problem is putting the green finance movement to the test (IISD: Apr 12, 2017)
IISD, with Chinese and international partners, is testing the potential of green finance approaches to deal with China’s legacy of toxic soils and the urgent need to restore them to health and productivity.
How much money does China need to finance its green revolution?
(China Dialogue: Apr 5, 2017)
A study as estimated that China’s need for climate financing will peak in 2020, at 2.6 trillion yuan, or 1.79% of predicted GDP for that year, a further 2.5 trillion yuan per year will be required up to 2030. China will require the mass mobilization of private sector cash to peak carbon emission by 2030.
Ma Jun: banks are encouraged to support green finance (Shanghai Daily: Apr 7, 2017)
To encourage efforts on battling environmental challenges, China will rate banks on their fund support for green investment with the inclusion of such actions into the country’s macro prudential financial regulation.
Asia follows China’s path to green bond growth (Euromoney: April 2017)
China’s 2015 plan to create a national framework for the issuance of green bonds had not only succeeded, but inspired many others. Asian green bond initiatives are supporting an unprecedented global surge in issuance following China’s path.