China moves towards single ‘green finance’ taxonomy

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The People’s Bank of China

China’s authorities seem to be moving towards a single taxonomy for determining the ‘green’ status of financial instruments.

Observers say the move to unify the ecological taxonomy used by the People’s Bank of China and two other major economic institutions could be extremely significant.

The Chinese authorities have also removed all bonds related to so-called ‘clean coal’ projects from a draft guideline on green financial instruments published on May 29.

The PBoC says it has made the move to

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