Green finance can only grow and have its desired positive impact on the climate and biodiversity with the relevant policies. Policies for green finance can be issued, for example, by the Ministries of Finance, the Central Banks, the Financial oversight, the stock exchanges, industry associations, multilateral development banks, private initiatives as well as many other institutions.
On September 22, 2020, Chinese President Xi Jinping announced that China aims to peak CO2 emissions before 2030 and achieve carbon neutrality before 2060 during the UN General Assembly. EU-China-summit-2020 (Pic: European Council) One important partner for China to reach its ambitions is the European Union (EU). On September 14,…
From 7 to 11 December, the UN Capital Development Fund (UNCDF) in partnership with the Singapore Fintech Festival (SFF) organized a series of events across multiple countries called the “Building Inclusive and Resilient Economies in the Digital Era”. Dr. Christoph NEDOPIL WANG, Director of the Green Belt and Road Initiative…
Download the full report here On December 1, during the Policy Studies Release and Launching of BRI Green Development Institute Event in Beijing, the BRI International Green Development Coalition (BRIGC) released the “Green Development Guidance for BRI Projects Baseline Study Report” (formerly known as “Traffic Light System”). The Guidance provides…
This article was originally published on China Dialogue under a Creative Commons licence. It will be a gargantuan task for China to make good on its recent pledge to become carbon neutral by 2060. Currently, it contributes about 26% of global carbon emissions, its economy is still rapidly developing, and many of its sectors and…
On October 26, 2020, five Chinese government ministries/regulators jointly issued the “Guidance on promoting investment and financing to address climate change” (find original here and an unofficial English translation here) – in short “Climate Finance Guidance”. The Climate Finance Guidance came weeks after Chinese President Xi’s announcement at the United…
1. The importance of relations between green finance and stimulus packages in concept and historically Green finance policies and economic stimulus packages overlap at a number of levels. In an era where the global community faces both the immediate economic consequences of Covid-19 as well as the urgent need to…
On Friday, March 27, 2020, the Belt and Road Initiative Green Coalition (BRIGC) under the guidance of the Chinese Ministry of Ecology and Environment (MEE) organized an online-meeting to discuss the first version of the “Green Light System” (Chinese: 交通灯) for the Belt and Road Initiative (BRI). The following article…
The Belt and Road Initiative International Green Development Coalition (BRIGC) was established after the second Belt and Road Forum in April 2019. The BRIGC is supervised by the Chinese Ministry of Ecology and Environment (MEE) with its own secretariat. The main goal of the BRIGC is “to promote international consensus,…
On March 27, 2020, the First Consultation Meeting of Joint Research on “Green Development Guidance for BRI Projects” (the “Green Light” System) was held via videoconference. The BRI “Green Light System” aims to explore the formulation of guidelines on the assessment and classification of BRI projects and provide guidance for…
The original interview with Prof. Yao Wang in Chinese can be found here. Translation by Yiwei Qi. What contribution will the Belt and Road Initiative (BRI) make to tackling climate change and realizing global green and sustainable development? What impacts and opportunities will green and low-carbon development path bring to…
