How China can cash in on climate change action
China's battle against climate change will incur huge costs, but intergenerational carbon bonds are a way to distribute the financial burden across several generations.
The Chinese national flag flames in front of a building barely visible due to heavy smog in Beijing, China, 02 December 2011. Photo EPA/DIEGO AZUBEL.
Between now and 2020, China needs an average of two trillion yuan ($A380 billion) a year to address climate change related challenges in the country, according to recent research from China's Central University of Finance and Economics.
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