The People's Bank of China, the central bank of China, said in a statement yesterday that it will extend three lending instruments for carbon reduction as part of its efforts to support green development.
In the statement, it was noted that a lending instrument will be extended until the end of 2024 in order to reduce carbon emissions.
It was stated that the bank will extend a re-debt instrument given for the clean and efficient use of coal until the end of 2023.
A re-debt instrument in the transport and logistics sectors will also be extended until June 2023.
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