Official reports from the People's Republic of China or international environmental agencies

China's Central Bank Extends Low-Carbon Lending Tool to 2027

Aug 12, 2024, 05:20 AM

China's central bank, the People's Bank of China (PBOC), has announced an extension of its low-carbon lending tool until the end of 2027. This program provides financial institutions with low-cost loans to support companies in reducing carbon emissions. The initiative is part of China's broader strategy to achieve its carbon peaking and net-zero goals. The extension of lending support for decarbonization projects underscores China's commitment to balancing monetary policy with environmental objectives.