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Central bank warns against greenwashing

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Published: June 29th, 2022,
Last updated: June 29th, 2022

China’s central bank has warned against „greenwashing and sustainable project fraud“. With the influx of capital into green investments, greenwashing has increased, meaning the disguising of environmentally and climate-damaging investments as sustainable, central bank Chairman Yi Gang said in an interview. „Information disclosure and strict monitoring are required“ if the central bank is to pursue green policies, Yi said.

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Finance green finance Banks PBOC Climate