The People’s Bank of China, the country’s central bank
China sees sharp rise in green bonds
Issuance more than doubled in 2021 but remains well below level needed to finance the country’s transition
China is embracing green finance to fund its decades-long transition to a net-zero economy, with green bond issuance more than doubling last year. But the amount of capital remains far from the scale needed to meet the multitrillion-dollar cost of the transformation. Green bond issuance in China—the world’s biggest emitter of greenhouse gases—surged in 2021, growing by 124pc year-on-year to 488 bonds, according to Dagong Global Credit, one of China’s largest debt rating agencies. The total value of these bonds rose by 176pc, to RMB608bn ($96bn). On top of this, 15 provinces and municipalities across the country issued RMB201bn of green bonds last year. Some 47pc went to the clean energy sect
Also in this section
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
