Carbon bond launch a step forward for China market

Chinese firms move into the carbon market but obstacles remain

carbon-tree

The launch of a carbon-linked financial product by China General Nuclear Power Group (CGN) marks the first attempt by Chinese enterprises to explore issuing carbon derivatives, however the advent of a robust carbon derivatives market remains a long way off, according to market experts. CGN Wind Energy, a subsidiary of China's central government-controlled nuclear power group CGN, launched a batch of medium-term debt notes with a total value of 1 billion yuan ($160 million) two weeks ago. The