The Industrial and Commercial Bank of China will increase the balance of green loans and double renewable energy investments by 2030, compared with 2020 figures, according to the bank’s cief economist. Photo: Reuters The Industrial and Commercial Bank of China will increase the balance of green loans and double renewable energy investments by 2030, compared with 2020 figures, according to the bank’s cief economist. Photo: Reuters
The Industrial and Commercial Bank of China will increase the balance of green loans and double renewable energy investments by 2030, compared with 2020 figures, according to the bank’s cief economist. Photo: Reuters
Energy

Is Chinese bank ICBC’s coal exit a power move for a greener belt and road?

  • ICBC chief economist Zhou Yueqiu says the bank will make a road map and timeline for the gradual withdrawal of coal financing
  • Observers say Beijing may be exerting pressure on financiers

Topic |   Energy
The Industrial and Commercial Bank of China will increase the balance of green loans and double renewable energy investments by 2030, compared with 2020 figures, according to the bank’s cief economist. Photo: Reuters The Industrial and Commercial Bank of China will increase the balance of green loans and double renewable energy investments by 2030, compared with 2020 figures, according to the bank’s cief economist. Photo: Reuters
The Industrial and Commercial Bank of China will increase the balance of green loans and double renewable energy investments by 2030, compared with 2020 figures, according to the bank’s cief economist. Photo: Reuters
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