China's central bank extends low-carbon lending programme to 2027 and plans green economy policies.

China's central bank, PBOC, extends its low-carbon lending programme to 2027, offering banks up to 60% of principal for qualified loans at 1.75% rate. The bank also plans to develop policies for a "green transformation" of the economy, focusing on battery-powered vehicles, energy-saving appliances, and eco-friendly building materials. China targets a fully green and low-carbon economy by 2035 with declining carbon emissions.

August 11, 2024
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