CHINA ORDERS LISTED FIRMS TO BE GREENER

BEIJING (Reuters) - Beijing has launched a "green securities" scheme aimed at making it harder for polluters to raise capital and requiring listed firms to disclose more information about their environmental record.

The initiative is part of a drive by the State Environmental Protection Administration (SEPA) to enlist other government agencies to give financial and economic policies a green hue.

China has adopted "green credit" and "green insurance" in recent months and has plans for "green taxation" and "green trade" to help clean up the economy.

"It will curb excessive growth in highly polluting sectors, reduce capital market risk and spur listed firms to improve their environmental performance," Pan Yue, deputy head of the watchdog, said in a statement on its Web site, www.sepa.gov.cn, on Monday.

RLCC: The capitalist system is less entrenched in China. China is changing rapidly. China could move rapidly right on into environmentalism in a huge way.

Originally from ENN Headline News on February 26, 2008, 8:36pm

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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