China's plan to dramatically reduce greenhouse gas emissions over the next four decades will put increasing pressure on a financial system that isn't ready, according to top industry regulators and banking experts.
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The green finance challenge facing China's banks
Many institutions unware of the climate risks to their assets, say experts
The vast majority of Chinese financial institutions lack knowledge of climate risks and the opportunities of carbon finance, requiring deeper internal talent pools and greater capacity for acquiring external data, industry experts say. © Reuters
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