China excludes clean coal projects from list eligible for green bonds

REUTERS | China has excluded “clean coal” from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on Friday.


The new catalogue of eligible projects replaces the previous one published in 2015, and will be open to public consultation until June 12, the People’s Bank of China said in a notice.


China has sought to use green financing to pay for its transition to cleaner modes of growth, but the previous catalogue allowed it to be raised for the “clean use of coal”, including coal washing plants that remove impurities, and technologies that cut pollution during combustion.


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