[Green Finance] Green Bank #1 - Chinese Researchers Float 'Green Bank' Plan as Pollution Mounts2015-05-07 11:40:46Hit:330
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Written in April 22, 2015
From Bloomberg Business > Science+Energy > Green Finance
[Chinese Researchers Float 'Green Bank' Plan as Pollution Mounts]
Researchers affiliated with China’s central bank have proposed creating a China Ecological Development Bank with at least 100 billion yuan ($16 billion) in capital as part of a broad plan to boost “green finance.”
Discussion is continuing about whether such a bank is necessary and how it should be financed.
The plan comes at a time when the nation faces a daunting task in cleaning up its environment. The cost of environmental degradation and resource depletion in China has risen close to 10 percent of gross domestic product over the past decade, according to a World Bank report published in 2012.
For more details, click the link below
http://www.bloomberg.com/news/articles/2015-04-22/chinese-researchers-float-green-bank-plan-as-pollution-mounts
From Bloomberg Business > Science+Energy > Green Finance
[Chinese Researchers Float 'Green Bank' Plan as Pollution Mounts]
Researchers affiliated with China’s central bank have proposed creating a China Ecological Development Bank with at least 100 billion yuan ($16 billion) in capital as part of a broad plan to boost “green finance.”
Discussion is continuing about whether such a bank is necessary and how it should be financed.
The plan comes at a time when the nation faces a daunting task in cleaning up its environment. The cost of environmental degradation and resource depletion in China has risen close to 10 percent of gross domestic product over the past decade, according to a World Bank report published in 2012.
For more details, click the link below
http://www.bloomberg.com/news/articles/2015-04-22/chinese-researchers-float-green-bank-plan-as-pollution-mounts