China Gives Banks a New Reason to Boost Green Lending

China has vowed to give “green finance” greater weight in how financial institutions get evaluated as policymakers aim to make it easier for environmentally friendly projects to get financing, according to a new directive from the country’s cabinet.

The guideline (link in Chinese), published Monday by the State Council, shows how the world’s largest greenhouse gas emitter is trying to create a low-carbon economy in order to meet policymakers’ target of achieving peak carbon emissions by 2030 and carbon neutrality by 2060.