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Asia-Pacific

China, EU Publish Common Sustainable Finance Taxonomy

The PBOC says it will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.

The People's Bank of China (PBOC) has announced the completion of the initial phase of a project with the European Commission to establish a common taxonomy for sustainable finance. The project was initiated in July 2020, following which the International Platform for Sustainable Finance (IPSF) established a working group to…

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