Climate Change
As China Touts Green Financing and Climate Goals, Its Banks Are Pouring Billions Into Commodities From the World’s Rainforests
China plays a growing role in the future of the planet’s tropical forests, but a new report says its financial flows are going in the wrong direction.
Chinese banks have become the biggest international funders of companies that trade in goods linked to deforestation, a trend that could further imperil the world’s most climate-critical forests, environmental advocates say.