HONG KONG -- With the U.S. abandoning the Paris climate agreement, China is well-positioned to take the lead in the world's fight against global warming. But its loose standards for green financing might be undercutting much hoped-for environmental efforts.
Capital Markets
China leads in green bonds, but money may be going elsewhere
Only 39% of its first-quarter issuance met the international standard
Shanghai Pudong Development Bank was one of the largest green-bond issuers in China last year. (Photo by Kenji Kawase)
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