China to Assign Some Credit Ratings on Environmental Protection.

China, the world’s biggest emitter of greenhouse gases, will assign credit ratings to companies in industries with heavy pollution or overcapacity based on their efforts to protect the environment. The rating will provide a reference to banks for reviewing credit for the companies and to authorities for arranging subsidies, the Ministry of Environmental Protection said yesterday in a statement on its website. Companies will be ranked on a four-level color-coded scale, with green representing the best and red the worst. China is stepping up its efforts to appease public anger associated with environmental concerns, a main cause of civil unrest. More…

 

Source: Bloomberg

admin // 17.01.2014

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