CHINA PRESS: Finance Industry Needs Reforms For Green Transition - Expert

China’s finance industry must reform to better support the green transition, according to Li Yang, chairman at the National Finance and Development Laboratory. Li said China’s green transition faces a large funding gap as the finance industry only supports “pure green” projects such as sustainable energy and electric vehicles. In the future, policymakers must ensure finance makes funding available to high-carbon firms and projects transitioning to low carbon. Regulators also need to improve market measurement and pricing mechanisms to become more efficient. (Source: 21st Century Herald)