China Looks To Push Green Goals Through Financial Sector
China has announced plans to try to grow in a green way as the country attempts to balance cutting carbon emissions with continuing growth.By Sebastian Martinez | November 26, 2014
China has announced its latest plan to go green through its all-important financial sector — one of its biggest climate announcements since this month's environmental agreement with the U.S. put the spotlight on the country's climate strategy.
The People's Bank of China Deputy Gov. Pan Gongsheng said on Wednesday the country will try to foster the growth of green industries and businesses. (Video via Hong Kong Economic Times)
Bloomberg reports in addition to that announcement, a top climate official in China said the country plans to start the nationwide trade in carbon permits within two years.