China set to be hotbed for US$100b green bond market
Potential in China is great given vast sums being spent on installations of solar and wind capacity
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Beijing
CHINA is set to become a hotbed for the US$100 billion market in bonds tied to environmentally-friendly investments, as authorities and developers seek alternatives to loans for funding a transformation to clean energy supplies.
The timing is ripe for so-called green bonds in China because policymakers are "more driven to promote healthy development during a period of economic slowdown" said Xu Nan, a policy analyst at the Research Centre for Climate and Energy Finance under the Central University of Finance and Economics. Bonds labelled as green channel their proceeds for funding low-carbon transport, renewable energy and other technologies aimed to curtail global warming.
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