Category

Green Innovation

Category

Green innovation and green technologies are necessary to achieve sustainable development along the sustainable development goals that include both economic and green development. Green innovation might include innovation in energy (such as solar energy, wind energy), green transport (such as electric vehicles, autonomous vehicles) and green financing instruments.

On May 20, 2019, the Ministry of Transport and 12 other ministries jointly issued the Green Travel Action Plan (2019-2022), which will further promote the large-scale application of green vehicles and accelerate the construction of charging infrastructure. China will also continue to improve public transportation facilities, connectivity and information systems that are supporting green mobility. China has been a role model in providing public transport services for its population for many years. Compared with countries of a similar development state, and even compared to most countries with a higher GDP per capita, China has a higher density of modern public transportation services for both urban public transportation services and inter-city public transportation services. Most notably are three developments in China that contributed to that achievement: Development and construction of High-speed trainsDevelopment and construction of subway systemsDevelopment and deployment of electric buses This article will look at China’s green public transportation…

This is an extended version of the China Daily’s article from April 26. In 2017, the Chinese Ministry of Environment together with 4 other ministries released the “Guidance on Promoting Green Belt and Road”. Realizing this ambition requires green finance – the full range of financial services that support the transformation to an environmentally and climate-friendly economy. Green Finance in China has seen a strong development based on the “Guidelines for Establishing the Green Financial System” published by The People’s Bank of China and six other government agencies in 2016. In 2018, the Chinese green bond market became the second largest in the world after the United States with issuances of USD30 billion. Scaling and accelerating these experiences to greening the Belt and Road Initiative (BRI) is a long-term, but achievable goal. Failing to green the BRI would have potentially catastrophic climate impacts around the World. Using green finance to…

In April 2019, the 2nd “Belt and Road Forum for International Cooperation” will be held in Beijing with many heads of governments and business shaking hands and discussing opportunities of the Belt and Road Initiative (BRI). Until then, critics and proponents of the Belt and Road Initiative will increasingly weigh in their opinions on advantages and risks of the Belt and Road Initiative, such as the Chinese newspaper China Daily titling on March 12, 2019 that the “BRI is hailed as a force for sustainable development”[1] or CNBC`s feature earlier this year that “Fears of excessive debt drive more countries to cut down their Belt and Road investments”[2]. Source: China Daily, March 12, 2019Source: CNBC, January 17, 2019 As with most judgments, also the judgment on the success or failure of the BRI will depend on the perspectives taken. This article analyzes the potentials of BRI investments to leapfrog BRI…