GLASGOW (Reuters) – China’s central bank governor Yi Gang said on Wednesday that Beijing was working on a new monetary policy facility to provide low-cost funds to financial institutions to support green projects.

Addressing a UN COP26 climate summit via a video message, Yi said the People’s Bank of China (PBOC) and the European Union will soon provide a common understanding of what a green investment is.

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.