Central Bank Steps Up Green Finance Efforts

China’s central bank is crafting a package of policies to support finance for green development as part of efforts to play a more active role in the nation’s fight against climate change.

The People’s Bank of China (PBOC) will incorporate ways to promote low-carbon emissions and other sustainable development measures into its financial plans over the next five years, Wang Xin, director of the central bank’s research bureau, told a press briefing (link in Chinese) last Tuesday.