China to create first green stock index in fresh push to curb carbon emission.

China to create first green stock index in fresh push to curb carbon emission.

“China will set up a green stock index and develop futures trading for carbon emission rights — both of which will be the first such instruments, according to a new sweeping guideline issued on Sunday, marking an important step in expanding China’s market-oriented securitization and financing mechanisms to accelerate the country’s long-term carbon trading and achieve its carbon neutrality goal.”

[COMMENTARY]We’ll have to see whether this amounts to anything or is mainly a ‘PR’ exercise. After all, China is still building and planning to build a huge number of coal power plants.
China to create first green stock index in fresh push to curb carbon emission, by GT staff reporters, September 12, 2021, Global Times, China.

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