Green finance to drive China’s international goals

Experts and insiders see the green transition as an opportunity to support the internationalisation of the renminbi – not least through the development of China’s emissions trading scheme.

China’s ambition to internationalise its currency, the renminbi, is getting a boost from an unlikely quarter: green finance. Over the past 18 months, Beijing has been laying the groundwork for a number of projects that will increase the renminbi’s offshore use over the coming years.