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Policy Support Needed For Green Transition - Ma Jun

CHINA PRESS
MNI (BEIJING)

China and other countries need more policy support to aid the green transition, according to Ma Jun, former chief economist at the People's Bank of China (PBOC). Speaking at the Boao forum, Ma said coordination between price tools, non-price tools and incentives remains a challenge. Price tools can include carbon markets, while non-price tools focus on policy such as emissions reduction targets. Ma said a financial framework is also needed to mobilise social capital to help drive the transformation. Firms need guidance to strengthen their carbon accounting and disclosure ability and implement appropriate emissions reduction technologies. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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