China/EU: Seek common ground on environmentally friendly green bonds

Even as disputes in their bilateral relationship pile up, officials from China and the European Union hope to find common ground on one key global issue: issuance standards for “green” bonds dedicated to financing environmentally friendly projects, according to an article from South China Morning Post (SCMP).

Allowing green bonds to finance coal-related projects has been a major sticking point between the EU and China, with existing European standards prohibiting any coal financing while Chinese rules allow half of green-bond proceeds to be used for that purpose.

But in what may be a major concession that will help clinch a deal, China is said to be willing to agree to the European position on this point, according to Reuters.

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