China has become the world’s largest issuer of ethically labelled “green” bonds to refinance existing loans.
The issuance of green bonds are at a record high globally, and China claimed the top spot in Q3 of 2017. China is now tied with France.
An estimated $920 billion of loans held by Chinese banks would qualify for green bond status, making the market ripe for further sustainable investment.
Read more at the Financial Times.