China’s Central Bank Calls for Policies to Promote Green Growth

November 26, 2014 7:12 AM

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China will improve its financial policies to cut carbon emissions and curb the flow of capital to high-polluting industries, according to an official at its central bank.

The world’s biggest carbon emitter will encourage its banks and companies to participate in “green finance and green industries,” deputy governor Pan Gongsheng said in a statement posted on the website of the People’s Bank of China.

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