China will establish a green financing mechanism to facilitate the economy's transition to sustainable growth.

The move aims to encourage more private capital into green sectors and stem investment that might pollute the environment, according to the guidelines released Wednesday by the People's Bank of China and six other central authorities.

China has put green financing on the G20 agenda for the first time to mobilize more investment in environmentally friendly projects. The G20 has set up a research team on the issue based on a proposal by China.

Source : XINHUA