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Transition to Green Finance in China
The chapter delves into a macro economist's transition to Green Finance in China, sparked by the severe air pollution crisis and realization of the financial sector's role in funding polluting industries. It discusses the initiation of Green Finance guidelines, formation of the Green Finance Working Group within the Chinese Central Bank, and the significant financial requirements for environmental initiatives in the country. The conversation explores the challenges and opportunities in shifting towards sustainable finance practices to address environmental concerns and promote a cleaner economy.