China’s central bank plans to extend its low-carbon lending tool until the end of 2027. This initiative is part of China’s broader strategy to transition to a low-carbon economy. The extension of the low-carbon lending tool is expected to facilitate the financing of projects that contribute to carbon reduction and environmental protection. China also promised to develop tax and investment policies that would support a “green transformation” of its economy. This move aligns with China’s commitment to peak its carbon emissions by 2030 and achieve carbon neutrality by 2060.

Source: Business Times