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China Seeks Big Money’s Help Reaching Its Carbon-Neutral Goal

  • Five government ministries back climate finance guidelines
  • Rules could entice investment as China aims for carbon goal
China’s effort to become a net zero emitter by 2060 could cost as much as $15 trillion as the country invests in renewable energy, hydrogen and carbon capture.

China’s effort to become a net zero emitter by 2060 could cost as much as $15 trillion as the country invests in renewable energy, hydrogen and carbon capture.

Photographer: Qilai Shen/Bloomberg
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China is enlisting financial institutions and international investors to help fund the country’s drive toward carbon neutrality.

In a set of guiding opinions backed by five government ministries, Beijing said it would encourage private investment and foreign capital to back green bonds and fund climate-friendly projects. The government also said it plans to allow individuals and financial firms to participate at some point in its soon-to-be launched national carbon-trading scheme.