IEEFA: Chinese Regulators Urged To Tighten Rules For Carbon Neutral Bonds
Bond proceeds going to coal-dominated state-owned enterprises – ESG investors beware Q1 2021 hedge fund letters, conferences and more 1 June 2021 (IEEFA): China’s carbon neutral bonds fail to restrict the use of funds to green projects and are adding to the working capital of coal-dominated state-owned enterprises (SOEs), according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) which calls for deeper reforms to green finance standards to mobilise investment to fund President Xi Jinping’s carbon neutrality pledge. IEEFA’s note highlights the risk f...