(Yicai Global) Sept. 1 -- China yesterday issued new measures to encourage more private investment in green industries and rein in funding that contributes to pollution.
The measures cover refinancing, guarantees and subsidies for credit-backed projects and the setting up of national green development funds. They also cover green bond standards and support for companies seeking stock market floatations.
China has suffered from pollution as the world's No. 2 economy has grown. In 2014, just 16 of the 161 cities that monitor air quality met the required standards.
The new measures also deal with promoting the stipulation and revision of laws and regulations relating to compulsory liability insurance of environmental pollution, and developing financial tools based on environmental rights such as carbon emission right, pollutant emission right and energy-saving amount (energy-consuming right).