Ping An has reported a set of green finance activities

China’s biggest insurer, Ping An Insurance, has a set of green finance activities and quantitative performance targets. With the help of its financial product and service innovations, Ping An is hoping to support China’s goal.

As we know, the Asian giant aims to achieve carbon neutrality by 2060. It also vau to support combat against global climate change and help sustainable social development.

It will fully support the government’s strategy to transform into a green economy by offering financial incentives for green projects. These will include preferential insurance and credit interest rates, asset allocation tilting and mentoring, training, and other services. All this according to Ping An.

Moreover, it will support innovations in clean technology, renewable energy, energy technology, energy efficiency, carbon capture, and carbon trading, ecological carbon sinks, and other environmental fields.

China’s biggest insurer set targets for the annual growth rates for its green investments of minimum 20%. Green insurance premiums are at no less than 70%, and green credit balance more than 20%.

Ping An will support green investment and climate change risk management, provide insurance premiums. They will offer green channels or preferential interest rate policies on loans to green projects and green firms.

Governors from a dozen states ask Biden to ban the sale of cars

According to the latest news, Governors from a dozen states ask President Joe Biden to halt the sale of cars and light trucks that emit greenhouse gases by 2035.

Significantly, in a letter to Joe Biden, the governors of New York, California, North Carolina, and nine other states asked for the change ahead of a White House climate summit. The summit will take place on April 22.

Moreover, the governors’ letter claimed that by setting a clear regulatory path to ensuring that all cars sold in America are zero-emission, the world could finally clear the air and create high-road jobs.

Lastly, the other signatories were governors of Massachusetts, Connecticut, Washington, Maine, New Mexico, New Jersey, Rhode Island, Oregon, and Hawaii.