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.