Financial tools must be put to work for greener economy

China is expected to embrace more financial policies that promote a greener economy in drawing up its forthcoming five-year plan, experts with the United Nations Environment Programme said.

The nation's financial regulatory authorities need to use more tools such as bonds, taxes and bank policy to promote environmentally friendly investment and stimulate low carbon technologies and industries, Kaveh Zahedi, UNEP regional director and representative for Asia and the Pacific, said in an interview with China Daily.

As the voice for the environment in the UN, the organization provides input into China's environmental policy-making. Apart from green finance, Zahedi highlighted other issues that should be reflected in the country's 13th Five-Year Plan (2016-20).