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China's $230 Billion Green Bond Thirst to Supercharge Market

  • Forecast for $46 billion of sales each year in China to 2020
  • Green bonds will fund renewable energy and environment work

China’s effort to build a green bond market may reap 1.5 trillion yuan ($230 billion) for renewable energy and environment projects within the next five years, potentially supercharging growth in a market that barely existed a few years ago.

The nation authorized the first sales of the securities in December, prompting two Chinese banks to raise a total of 30 billion yuan last month. The market may rake in 300 billion yuan a year from now to 2020 in China alone, according to Xu Nan, a senior policy analyst at the Research Center for Climate and Energy Finance under the Central University of Finance and Economics.