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Some China Green Bonds Still Trending Brown, Analysis Shows

Aug. 20, 2019, 1:01 AM

China’s green bonds continue to reach record highs, but a growing number of the issuances are going to projects that don’t align with generally accepted international practices, an analysis of 2019 first half data shows.

The country issued a record $21.8 billion in green bonds in the first half of 2019—a 62% increase over the first half of 2018—only 51% of those issuances met the standards of what green bonds financing should be used for, according to a July 31 midyear report from the Climate Bonds Initiative.

Under international best practices, green bonds help fund clean energy, ...