Jun
07
China’s Cities Need $1 Trillion Green Finance to Cut Pollution
By-
Financial markets may need to fund 90 perent of investments
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Lowering emissions from transportation is named top priority
China’s cities need about 6.6 trillion yuan ($1 trillion) of green financing over the next five years to reach its pollution-reduction targets, according to a report.
Financial markets will need to cover as much as 90 percent of investment funding for clean transportation, energy-efficient buildings and renewable power through 2020, according to the executive summary of the report, “Green Finance for Low-Carbon Cities,” which was commissioned by the Green Finance Committee of China Society for Banking and Finance and Bloomberg Philanthropies…
China’s Cities Need $1 Trillion Green Finance to Cut Pollution
