Sustainable Investment: China’s New Green Bond Rules

In the last few months, the People’s Bank of China and the Green Finance Committee of the China Society of Finance and Banking released new standards on how to use “green bonds.” The Green Financial Bond Directive is China’s first guideline on green bonds and outlines how funds may be exclusively applied to finance new and existing green infrastructure projects.

According to a recent Environmental Leader article, these government-backed documents set out important requirements on disclosure and the use of proceeds to ensure a transparent and robust green bond market. The six major themes for green bond financing in China set forth by the directive include: energy saving, pollution prevention and control, resource conservation and recycling, clean transportation, clean energy and ecological protection and climate change adaptation.

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