On July 29, 2022, the Green Bond Standard Committee released the “China Green Bond Principles”. The Principles are self-regulated frameworks for stakeholders’ reference to best practice of the Green Bond Market. Its purpose is to promote standardization and high-quality development across China Green Bond Market. The release of the Principles is of great significance for implementing the national green financial development strategy and promoting the high-quality development of the bond market. The introduction of China version of GBP marks that Chinese green bond standards is further compatible with international best practices. (CHN)
Shandong spot power market dipped below zero during the national holiday in May
The Shandong electricity spot market saw negative prices for 22 consecutive hours (20:00; 1 May – 17:00; 2 May) during national holidays in May 2023.