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2019-08-19 11:20:00

CHINA'S GREEN INVESTMENT $1 BLN

CHINA'S GREEN INVESTMENT $1 BLN

REUTERS - Chinese financial institutions provided at least $1 billion in "green" financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in Beijing's energy strategy.

According to Shanghai-based financial data provider Wind, 7.4 billion yuan ($1.1 billion) in green corporate and financial bonds were issued by 13 coal projects in the first half of the year. They involved power plants fueled by coal or coalbed methane as well as coal-to-chemical projects.

Cutting…

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CHINA'S GREEN INVESTMENT $1 BLN
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Tags: CHINA, COAL, GREEN, INVESTMENT
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