![China's central bank allocates over 85 billion yuan to support carbon reduction](https://s2.storage.snapzu.com/6c/d4/fd/f0/doodlegirl/snaps/35/c2/279836/thumbs/16c1116e326dfa96_fpi_large.jpg)
China's central bank on Thursday said it has issued the first batch of funds to financial institutions via its newly launched carbon-reduction tool, the country's latest move to cut carbon emissions and achieve carbon neutrality.
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