Latest Headlines
China's first forest carbon sink bonds issued
  ·  2021-09-24  ·   Source: Xinhua News Agency

The Agricultural Development Bank of China (ADBC) launched the country's first carbon-neutral bonds for forest carbon sinks on September 23.

The 2-year bonds, worth 3.6 billion yuan (about $556 million), will be used to finance forest carbon sink projects including afforestation and reforestation.

Greater financial support will be provided to promote the green development of agriculture, and efforts made to channel funds to the sector, the ADBC said.

To date, the bank has floated 75.62 billion yuan of yuan-denominated green bonds.

 

China
Opinion
World
Business
Lifestyle
Video
Multimedia
ChinAfrica
China Focus
Documents
Special Reports
 
About Us
Contact Us
Advertise with Us
Subscribe
Partners: China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860