A China Bothered by Pollution Grabs Global Green Bond Lead
- In China, ‘pollution is there, it bothers you:’ Lombard Odier
- China accounted for third of 2016’s global green bond sales
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China is extending its dominance of the global market for green bonds, just as the Paris Agreement on climate change takes effect this week.
The world’s most-populous nation accounted for $21.9 billion of the $61.1 billion in global green bond sales this year, data compiled by Bloomberg show. China, which in 2015 sold less than $1 billion of the debt whose proceeds are earmarked for environmental projects, is accelerating regulation to channel funds toward reducing pollution, Moody’s Investors Service said in a report last week.