Xinhua
The National Association of Financial Market Institutional Investors on Tuesday said that the first batch of carbon-neutral bonds were issued in China’s inter bank bond market.
The bonds, worth 6.4 billion yuan (about 991.74 million U.S. dollars) would be used to finance carbon-reduction projects.
The six issuers of the bonds include, China Three Gorges Corporation, China Huaneng Group, State Power Investment Corporation Limited, China Southern Power Grid Company, Yalong River Hydropower Development Company and Sichuan Province Airport Group.
China has announced that it would strive to bring carbon dioxide emissions to a peak before 2030 and become carbon neutral before 2060 to tackle climate change.
