Postal Savings Bank’s US$47 million ‘green loan’ to Shanxi coal producer draws scepticism of environmental think tanks

Source: China – South China Morning PostPostal Savings Bank of China’s recent 300 million yuan (US$47 million) “sustainability linked loan” to a state-owned coal producer in Shanxi province has raised concerns among global climate think tanks, who fear it could undermine Beijing’s carbon reduction goal.The move by PSBC to decouple the loan from any goals to reduce emissions or other environmental impact could also put China out of step with other parts of the world, the think tank said. Shanxi is China’s top coal producing province,…Read More

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