Finance
China’s Fresh Green Debt Is Drying Up as Virus Hits Economy
- One green loan signed, slow open to green bond sales in 2020
- Resilience seen in Taiwan and Hong Kong green loan market
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Green financing for Chinese borrowers has slowed to a trickle due to the virus outbreak, threatening the nation’s goals to clean up its environment.
Just one green loan deal was signed for China this year, while green bond issuance saw the slowest start to the year since 2017, Bloomberg-compiled data show, as the country’s firms shift their focus to combating the impact of the coronavirus. This type of debt is used to fund environmental projects including renewable energy or conservation.