First Recorded Carbon Funds Initiated in Wuhan

“The Carbon Emission Specific Asset Management Plan” fund was jointly released by China Huaneng Group and Lion Fund at the signing ceremony of the carbon finance innovative projects of Hubei Province on November 26, which marks the first recorded carbon funds, supervised by NDRC and other inspection departments officially starts. This fund will be issued by Lion Fund with Huaneng Group as the investment adviser; and it will invest in national carbon emission trading markets.