China steps to achieve carbon neutrality through green bonds

A vibrant green bonds market is desirable for China because it not only promotes environmental protection and sustainability even amid rapid economic development but also introduces a diversified portfolio into the capital market to alleviate climate challenges. Moreover, it reflects the determination of decreasing carbon emissions and enhancing the environment in China.

A vital role in the nation's pursuit of dual carbon goals

In 2020, China's GDP exceeded CNY 100 trillion for the first time, and the GDP per capita reached USD 10,000. China's economy has shifted from a stage of high-speed growth to high-quality development. However, along with rapid economic development, China has caused serious damage to the living environment at the same time. The government has resolved to pursue environmental protection and sustainable development as a crucial national strategy and to mitigate some negative impacts brought about by decades of rapid growth.