China’s Ministry of Finance has released a framework for sovereign green bonds, laying the groundwork for the issuance of offshore sovereign green bonds and encouraging international investment in the country’s green development initiatives.
Under the framework, funds raised through these bonds will be allocated to eligible green projects included in the central fiscal budget. These investments are expected to support key environmental objectives, including climate change mitigation and adaptation, natural resource conservation, pollution control, and biodiversity protection.
The Ministry of Finance stated that the initiative is designed to broaden the availability of high-quality green bond products in the global market while attracting foreign capital to accelerate China’s domestic green and low-carbon development.
The move reflects China’s commitment to integrating sustainable finance into its economic strategy, aligning with broader global efforts to drive investment towards environmentally responsible growth.
