5th International Seminar on Climate Finance and Investment Held, Charting Path for Green Transition
Recently, the 5th International Seminar on Climate Finance and Investment was held. Participants noted that the global green and low-carbon transition is accelerating, and China’s "dual carbon" work is advancing steadily, bringing new development opportunities and mission requirements to areas such as climate finance and investment, carbon market construction, and low-carbon technological innovation. Integrating carbon with finance, industry, science and technology, and ecology has become an important measure to serve national strategies, improve development quality and efficiency, and strengthen the ecological security barrier.
China Daily reports that climate finance and investment is a key part of China’s plan to address climate change. It aims to mobilize social forces and resources through guiding, supportive and incentive policy tools, give full play to the market allocation function, and provide solid support for achieving nationally determined contributions and building a beautiful China. China will deeply participate in the formulation of global climate governance rules, promote the full implementation of the UN Framework Convention on Climate Change and the Paris Agreement’s financial mechanism arrangements, and help the Global South achieve just transition and resilient development.
It will also strengthen financial support for green international trade and investment, enhance the role of climate finance and investment in South-South cooperation on climate change, and carry out in-depth international exchanges and cooperation to share and promote Chinese experience and solutions, striving to make climate finance and investment a bright card for China in addressing climate change.
Experts attending the seminar emphasized that the climate crisis is a challenge for all mankind, and protecting the Earth, our common home, is the common responsibility of all countries in the world. It is necessary to adhere to the concept that lucid waters and lush mountains are invaluable assets, and plan development from the perspective of harmonious coexistence between humans and nature. Efforts should be made to coordinate industrial structure adjustment, pollution control, ecological protection and climate change response, and promote carbon reduction, pollution reduction, green expansion and growth in a coordinated manner.
Under the premise of energy security, new growth drivers such as green hydrogen fuel should be actively cultivated to accelerate the construction of a clean, low-carbon, safe and efficient new energy system. High-level environmental protection will continue to create new drivers and advantages for development, develop new quality productive forces, and strive to build a green and low-carbon circular economic system.
Xinhua News Agency reports that China’s climate finance and investment has entered a new stage of innovative development, facing bottlenecks such as insufficient policy coordination, imperfect standard systems, and underdeveloped project profit models. Experts suggest strengthening policy coordination and mechanism innovation, establishing an inter-departmental coordination mechanism for climate finance and investment, and exploring the establishment of a "climate + ecology" composite project list in pilot areas.
It is also necessary to improve the standard system and evaluation tools, incorporate ecological product value accounting and biodiversity impact assessment into the climate benefit evaluation framework, and establish a unified "climate-ecology" benefit measurement tool. Innovative project profit models and financing tools, such as the combination models of "ecological restoration + resource development" and "environmental governance + carbon asset development", should be explored to improve the overall project return level.
Currently, China is actively promoting the development of climate finance and investment, developing green bonds, transition bonds and carbon financial products to attract social capital participation, and improving the standard system and project database construction in pilot areas to reduce financing thresholds. Moving forward, China will continue to deepen international cooperation, optimize relevant policies and mechanisms, and promote the in-depth integration of carbon with various fields, contributing to the global green and low-carbon transition.
