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)
China establishes assessment system for carbon peaking and carbon neutrality targets
Jointly issued by the General Office of the Communist Party of China (CPC) and Central Committee and the General Office of the State Council, this policy “Measures on Comprehensive Evaluation and Assessment for Carbon Peaking and Carbon Neutrality”, establishes a formal assessment system for evaluating how provincial-level Party committees and governments implement China’s carbon peaking and carbon neutrality objectives.
The assessment work is coordinated centrally and implemented by the National Development and Reform Commission together with relevant departments. It applies to provincial-level Party committees and governments, including provinces, autonomous regions, and municipalities.