News Snapshot:
To meet the country’s carbon neutrality pledge made by President Xi Jinping last September, China needs to invest about 138 billion yuan (US$21 billion) to remove carbon from its energy system by 2060, according to a study from Tsinghua University in October. And China’s “green finance” sector will be key to mobilising these investments, say experts. “Green finance can play two important roles in this transition. First, green finance mobilises and channels money into the low-carbon economic transition, particularly in green technologies and the improved energy and emission intensity of all sectors,” said Christoph Nedopil Wang, a senior research fellow...
