▲Li Gao, Director of the Department of Climate Change, Ministry of Ecology and Environment, China
 

The “China Climate Investment and Financing Forum” was officially held at the Chinese Corner of the United Nations Climate Conference in Katowice, Poland on the 11^th. The forum officially announced the launch of climate-friendly performance evaluation activities for Chinese financial institutions.

 

China’s Special Representative for Climate Change Xie Zhenhua said in his written speech that China is actively working closely with relevant ministries and financial institutions to develop climate investment and financing to promote China’s medium- and long-term strategic goals in addressing climate change and low-carbon development. The financial system is better aligned with climate change efforts, and through financial institutions and business innovation, more funds are invested in climate change mitigation and adaptation projects.
 

▲President Hans Peter Lankes, Vice President of International Finance Corporation
 

Li Gao, director of the Department of Climate Change of the Ministry of Ecology and Environment of China, said in his speech that in the next stage, we must combine the new situation and new requirements for climate change work, and focus on the following four aspects:

 

The first is to formulate climate standards as a starting point and guide financial institutions to continuously strengthen their support for climate-friendly projects and industries.

 

The second is to strengthen information disclosure as a starting point, and provide reference and basis for financial institutions and enterprises to carry out climate investment and financing activities.

 

The third is to deepen local pilots as a starting point and promote the practice of deepening climate investment and financing in some provinces and regions and key industries.

 

The fourth is to carry out capacity building as a starting point and further strengthen the level of expert team construction and policy research.

 

At the forum, CEO and Chairman of the Global Environment Facility, Ishii Suiko, John Roome, Senior Director of Climate Change at the World Bank Group, Hans PeterLankes, Vice President of International Finance Corporation, Yan Youzhong, Director of the Bureau of Sustainable Development and Climate Change of the Asian Development Bank, and Bank of China Insurance Supervision and Management Ye Yanfei, inspector of the Policy Research Bureau of the Commission, and Zhu Liyang, director of the Resource and Environment Business Department of China International Engineering Consulting Co., Ltd., focus on the progress of climate investment and financing in China in recent years, the policies and practices of China's climate investment and financing, and innovative tools for climate finance at home and abroad. The model, how to promote the international consensus and synergy mechanism for climate investment and financing, has expressed views.

 

In the forum roundtable discussion, AyaanZ.Adam, Director of Private Sector Investment of Green Climate Fund, Michael Wilkins, Managing Director of Standard & Poor's Global Sustainable Finance, Yang Kaiyu, Deputy General Manager of Industrial and Commercial Bank of China (Europe) Ltd., and Chief of Sichuan Green Bean Information Technology Co., Ltd. The executive officer Lian Xirui and others have started a dialogue on the innovative practices of financial institutions' investment and financing.

 

During the forum, the “Economic Friendly Performance Evaluation of Chinese Banking Financial Institutions” initiated by the International Finance Forum (IFF) and Wanli Think Tank was officially launched. According to reports, the evaluation activities are based on the contribution of investment and financing of Chinese banking financial institutions to climate mitigation and climate adaptation, the performance of emission reduction and carbon emission performance in the daily operations of financial institutions, and the corresponding financial factors in the strategy and governance of financial institutions. Evaluations such as considerations and climate-related information disclosure. The results of the evaluation are intended to be officially announced at the annual event of the United Nations Climate Change Conference.

 

The China Climate Investment and Financing Forum is co-sponsored by the Department of Climate Change of China's Ministry of Ecology and Environment and the International Finance Forum (IFF). This forum was held for the third time after the Marrakech and Bonn Climate Conferences during the UN Climate Conference.