China has struggled with dirty skies and filthy rivers for decades. But with fresh commitment to cleaning up the country from the top, it may be poised to take a leading role in environmental innovation, especially in the developing field of green finance. And with the US set to pull out of the ground-breaking Paris Agreement under the administration of President-elect Donald Trump, China’s role is more vital to the world’s future than ever.
But despite being a pioneer of environmental finance, China still faces considerable obstacles, from inexperienced validating agencies to recalcitrant local interests, in turning the country’s future from black to green. NewsChina reports on the future of finance under the new green regime.
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