To support the development of climate-friendly financial products in China, NRDC worked with partners to conduct a baseline study on current policy and market gaps and opportunities. The lack of carbon information and the lack of carbon accounting were identified as key obstacles for climate-friendly financial products. On August 15, NRDC organized a roundtable with experts from banks, regulators, low carbon investors, and NGOs to explore possible approaches to tackle the problem. NRDC invited the Partnership for Carbon Accounting Financials (PCAF) to introduce their methodology and explore its application in China with the participants. The baseline study was delivered in September, including findings and recommendations to policy makers, regulators, financial institutions and researchers.