Beijing’s efforts to rein in industrial polluters by cutting access to bank loans have achieved only limited results in the past six months, calling into question whether financial incentives can effectively reduce pollution, the South China Morning Post reported. Local resistance and a lack of support among financial institutions were to blame for the setbacks in promoting the "green credit" policy, said Pan Yue, deputy director of the State Environmental Protection Agency. There had been high hopes for the policy, which aims to bar banks from extending loans to polluters, after a series of setbacks in earlier pollution-control efforts, which mostly relied on administrative measures.