Climate's right to grow pro-environment financing for sound growth

Within three years the Chinese green bond market could be the world's largest and have a significant impact on global financial markets, said Sean Kidney, CEO of the Climate Bonds Initiative.

"The growth of China's green bond market can help many Chinese green projects to reduce their cost of capital, and also the growth of this market in China can help to demonstrate to other emerging markets how to grow a successful green bond market," he said.

Climate Bonds Initiative is a not-for-profit organization based in London that campaigns for more investment in low-carbon projects.