05-19-2012 - The Chinese government seems aware it must develop its economy in a low-carbon and sustainable manner. But how to achieve this is not so clear. Commercial banks have now come together to discuss how to finance China's green sector.
Friday's meeting brings together representatives from commercial banks and academics. They're here to figure out how to finance China's green projects. Carbon reduction is now a priority and more and more commercial banks believe the time is ripe to invest in low carbon projects.
Paul Heytens, Asian Development Bank, said, "The Asian Development bank will in particular support the government's efforts to foster a cleaner and more sustainable growth process, it has invest 6 billion US dollars to support China's low-carbon economic growth." read more>>>
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