South China Morning Post
Earth Day: China tops US as world’s second-largest climate funds market as sustainable investing gains traction, Morningstar says
Sustainable investing has continued to accelerate in global markets, with China overtaking the United States as the second-largest climate funds market in the world last year, reflecting favourable domestic conditions for environmental, social and governance (ESG) investing, Morningstar said. Assets in the Chinese climate funds market grew by 149 per cent from 2020 to US$46.7 billion last year. The US, bumped into third place after Europe and China in market size, saw assets totalling US$31 bill
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