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 at COP27
The 27th Conference of the Parties was held from November 6 – 20 in Sharm el-Sheikh, Egypt. China supported the inclusion of loss and damage on the conference’s agenda culminating in the establishment of an historic loss and damage fund.