BEIJING (Reuters) – China will establish a special relending facility worth 200 billion yuan ($31.35 billion) to support the clean use of coal, state media quoted the cabinet as saying on Wednesday.
It did not say what activities would be classified as a clean use of coal, but the cabinet said the loans would in addition to a lending tool rolled out by the central bank this month to support efforts to cut carbon emissions.
China’s central bank said on Nov. 8 it would provide financial institutions with low-cost loans to help firms cut carbon emissions, supporting the country’s long-term carbon neutrality goals.
($1 = 6.3792 renminbi)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function()
{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘751110881643258’);
fbq(‘track’, ‘PageView’);
by : Reuters
Source link
