Chinese Researchers Float ‘Green Bank’ Plan as Pollution Mounts
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Researchers affiliated with China’s central bank have proposed creating a China Ecological Development Bank with at least 100 billion yuan ($16 billion) in capital as part of a broad plan to boost “green finance.”
Discussion is continuing about whether such a bank is necessary and how it should be financed, Ma Jun, the chief economist of the People’s Bank of China’s research bureau, said at a briefing in Beijing on Wednesday.