Golden opportunity to embrace green growth[1]- Chinadaily.com.cn
9 years ago

Golden opportunity to embrace green growth[1]- Chinadaily.com.cn

China Daily  

Will China make concrete progress toward its vision of a more inclusive and sustainable society in 2016, rebalancing its economy to better address the related challenges of eradicating poverty, reducing inequality and protecting the environment? Recent news reports suggest China has set a target of reducing its carbon intensity by 18 percent from 2015 levels by 2020, beyond its 2009 goal, this target could help China reach its goal of peaking carbon emissions by 2030 or earlier. On finance, China needs to make its financial system more environmentally sustainable if it is to embark on a new model of high-quality economic growth. A new report from the China Council for International Cooperation on Environment and Development recommends that China launch a national green development fund, develop long-term sources of finance by promoting green bonds and support the development of a green finance risk guarantee mechanism, including environmental liability insurance. When it hosts the G20 summit in Hangzhou, Zhejiang province, in September, China can provide real leadership to encourage central banks and finance ministries to enable the global financial system to more easily support green investment.

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History of this topic

Is the global Green Deal losing momentum? Lessons from Firstpost's 'Ideas Pod' at Raisina Dialogue 2025
1 week, 1 day ago

Is the global Green Deal losing momentum? Lessons from Firstpost's 'Ideas Pod' at Raisina Dialogue 2025

Firstpost  

At the Raisina Dialogue 2025 in New Delhi, experts debated the future of global green finance. File Image/Reuters Among the myriad of sessions on the third day of the Raisina Dialogue 2025 in New Delhi, the “What’s Next for the Green Deal?” discussion stood out, addressing the evolving dynamics of global green finance and technology. The panel comprised Jayant Sinha, …

China set to stimulate growth amid global uncertainty
2 weeks, 3 days ago

China set to stimulate growth amid global uncertainty

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. Experts provide insights on the country's economic trends amid global uncertainties, and delve into China's evolving role as a primary driver of global growth. Below are some excerpts: Stimulating domestic demand key to stabilizing markets The Government Work Report submitted to the National People's Congress, China's …

China's state council issues guidelines on advancing key areas in financial sector
Trending News
3 weeks, 1 day ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker …

China's state council issues guidelines on advancing key areas in financial sector
Trending News
3 weeks, 1 day ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker …

China's green sector drives global climate fight
2 months, 1 week ago

China's green sector drives global climate fight

China Daily  

JIN DING/CHINA DAILY With the return of climate skeptic Donald Trump to the White House — especially his threat to withdraw the United States from all climate treaties including the Paris Agreement, which is central to the battle against climate change and keeping global temperature rise below 1.5 degrees Celsius — the heavy lifting on the climate front may be …

Green industry chain driving steel sector
2 months, 2 weeks ago

Green industry chain driving steel sector

China Daily  

Workers at HBIS Group Shisteel hoist products onto a lorry for transport in Shijiazhuang, Hebei province, on Jan 2. Jiang said that China's steel industry has made continuous progress in advancing ultralow emission transformation projects and achieving extreme energy efficiency, with ongoing improvements in energy-saving and environmental protection indicators. The green development of China's steel industry not only contributes to …

Green industry chain driving steel sector
2 months, 2 weeks ago

Green industry chain driving steel sector

China Daily  

Workers at HBIS Group Shisteel hoist products onto a lorry for transport in Shijiazhuang, Hebei province, on Jan 2. Jiang said that China's steel industry has made continuous progress in advancing ultralow emission transformation projects and achieving extreme energy efficiency, with ongoing improvements in energy-saving and environmental protection indicators. The green development of China's steel industry not only contributes to …

China to see stable growth in coming years
3 months ago

China to see stable growth in coming years

China Daily  

Intelligent robots work on a vehicle production line in Changchun, Jilin province, on April 24, 2024. China will continue to see stable GDP growth in the coming years as the world's second-largest economy shows strong resilience boosted by its technological and innovative capability and more supportive government policies to drive domestic demand and high-quality development, experts said on Friday. Wang …

Climate Change and the New Green Economy: The big questions for 2025
3 months ago

Climate Change and the New Green Economy: The big questions for 2025

Live Mint  

The summer of 2024 was the hottest on record. More importantly, developing countries are tasked with growing without significantly adding to the global stock of GHG emissions, but the conditions to do so are not nearly supportive enough – the world’s poorest and most climate-vulnerable countries spent twice as much on repaying external debt than what they received as climate …

Beijing's green efforts to benefit world
3 months ago

Beijing's green efforts to benefit world

China Daily  

This photo taken on June 3, 2023 shows an electric bus of BasiGo, a Kenyan startup locally assembling from parts supplied by Chinese automotive company BYD. China's further development of the high-quality Belt and Road cooperation and the country's pursuit of green transition in economic growth model will benefit the world, especially the development in Africa, said Siddharth Chatterjee, the …

China pledges to promote renewable energy use amid green transition
4 months, 4 weeks ago

China pledges to promote renewable energy use amid green transition

China Daily  

An aerial drone photo taken on Sept 12, 2024 shows a partial view of a 50-megawatt molten-salt solar thermal power plant in Naomaohu township of Hami city, Northwest China's Xinjiang Uygur autonomous region. BEIJING -- China on Wednesday released a set of guidelines on boosting the use of renewable energy amid efforts to cut fossil fuel consumption in green energy …

China Unveils Green Energy Roadmap: Focus on Renewable Energy Growth
4 months, 4 weeks ago

China Unveils Green Energy Roadmap: Focus on Renewable Energy Growth

China Daily  

China releases guidelines to promote renewable energy use as part of its green transition. The guidelines aim to replace traditional fuel with renewable energy, with China's renewable energy consumption expected to reach the equivalent of more than 1.1 billion tonnes of standard coal next year and 1.5 billion tonnes of standard coal by 2030.

China rolls out measures to promote green finance
5 months, 2 weeks ago

China rolls out measures to promote green finance

China Daily  

BEIJING - China has unveiled a guideline on the development of green finance, outlining 19 important measures for key areas to promote the building of a beautiful China. Focusing on key areas such as the green development of key industries and ecological protection and restoration, China will work to create a project library for the building of a beautiful China …

Journey to a greener future
5 months, 4 weeks ago

Journey to a greener future

China Daily  

LI MIN/CHINA DAILY Global significance Hu Kanping, a researcher at the Chinese Ecological Civilization Research and Promotion Association, described the shift Oqubay depicted in China's development as a process of learning from the outside world toward self-exploration in solving environmental issues. The environmental challenges China strives to address, once prevalent in Western countries, have gradually emerged in developing nations as …

Journey to a greener future
5 months, 4 weeks ago

Journey to a greener future

China Daily  

Shift in development Having been to China over 100 times, with his first visit in 1980, Martin Lees, former assistant secretary general at the United Nations, has been deeply engaged in China's environmental policy development. Marveling at the country's transformation from a nation where the term "environmental industries" was unfamiliar in the 1990s to one that has now established world-leading …

Nation's clean energy drive marches forward
6 months ago

Nation's clean energy drive marches forward

China Daily  

Employees install solar panels at a power station in Zhangye, Gansu province, on Sept 7. China's renewable energy capacity surged to 1.27 billion kilowatts by the end of August, accounting for 40.7 percent of the nation's total power generation capacity, amid the country's accelerating efforts to reduce its reliance on fossil fuels and transition toward a greener low-carbon economy, said …

China's green, low-carbon development nurtures new opportunities: official
6 months ago

China's green, low-carbon development nurtures new opportunities: official

China Daily  

Xinhua | Updated: 2024-09-27 10:47 A wind farm generates power for grids in Zhoushan, Zhejiang province. BEIJING - China's green and low-carbon development features bright spots and nurtures new opportunities, an official with the country's energy administration has said. Wind power and photovoltaics have become major contributors to China's newly added installed capacity and important forces in the country's energy …

China's green electricity trading sees massive growth
6 months, 1 week ago

China's green electricity trading sees massive growth

China Daily  

China's green electricity trading has seen significant growth in the first eight months of this year, with the National Energy Administration issuing more than 1.84 billion green certificates nationwide by the end of August 2024, according to the National Energy Administration. The scale of green electricity trading in Shanghai meanwhile also reached 2.5 times that of the previous year, a …

China's green electricity trading sees massive growth
6 months, 1 week ago

China's green electricity trading sees massive growth

China Daily  

China's green electricity trading has seen significant growth in the first eight months of this year, with the National Energy Administration issuing more than 1.84 billion green certificates nationwide by the end of August 2024, according to the National Energy Administration. The scale of green electricity trading in Shanghai meanwhile also reached 2.5 times that of the previous year, a …

China's big role in global green transition
6 months, 2 weeks ago

China's big role in global green transition

China Daily  

Wind turbine blades at a port in Yantai, Shandong province, in August. China's green energy development has become a driving force for the global energy transition, significantly alleviating global inflation pressures while addressing climate change, the white paper issued by the State Council Information Office showed. China, the world leader in renewable energy generation capacity, has been responsible for over …

China's big role in global green transition
6 months, 2 weeks ago

China's big role in global green transition

China Daily  

Wind turbine blades at a port in Yantai, Shandong province, in August. China's green energy development has become a driving force for the global energy transition, significantly alleviating global inflation pressures while addressing climate change, the white paper issued by the State Council Information Office showed. China, the world leader in renewable energy generation capacity, has been responsible for over …

China's green efforts to gain momentum
6 months, 3 weeks ago

China's green efforts to gain momentum

China Daily  

By ZHENG WANYIN in London | China Daily Global | Updated: 2024-09-05 09:47 A green building in the Shenzhen International Low-Carbon City in Guangdong province, is among those in the special area that use sustainable energy sources. Experts said China's efforts in promoting high-quality economic development and fostering new quality productive forces could further boost the nation's green transition. The …

China's green efforts to gain momentum
6 months, 3 weeks ago

China's green efforts to gain momentum

China Daily  

A green building in the Shenzhen International Low-Carbon City in Guangdong province, is among those in the special area that use sustainable energy sources. Experts said China's efforts in promoting high-quality economic development and fostering new quality productive forces could further boost the nation's green transition. The plenum's resolution described high-quality development as a "primary task "in building China into …

China's green efforts to gain momentum
6 months, 3 weeks ago

China's green efforts to gain momentum

China Daily  

A green building in the Shenzhen International Low-Carbon City in Guangdong province, is among those in the special area that use sustainable energy sources. Experts said China's efforts in promoting high-quality economic development and fostering new quality productive forces could further boost the nation's green transition. The plenum's resolution described high-quality development as a "primary task "in building China into …

Nation helps drive global transition to green energy
6 months, 4 weeks ago

Nation helps drive global transition to green energy

China Daily  

An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing climate change, according to a white paper issued on Thursday. …

Nation helps drive global transition to green energy
6 months, 4 weeks ago

Nation helps drive global transition to green energy

China Daily  

By ZHENG XIN | CHINA DAILY | Updated: 2024-08-30 07:04 An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing …

China becomes world's largest investor in energy transition
6 months, 4 weeks ago

China becomes world's largest investor in energy transition

China Daily  

State Grid employees check solar power panels in the Tibet autonomous region. China, with continuous technological innovation in new energy during the past few years, has become the world's largest investor in energy transition, and has contributed substantially to global energy transition and a clean world, said a white paper issued on Thursday. The country's investment in energy transition reached …

China's National Development Bank issues $1.7 billion of green bonds
7 months, 1 week ago

China's National Development Bank issues $1.7 billion of green bonds

China Daily  

BEIJING - China's National Development Bank, a key policy bank, has successfully released 12 billion yuan in the form of three-year green financial bonds, with an issuance rate of 1.63 percent, which have attracted a wide variety of investors. The NDB has now reached a cumulative total of 189 billion yuan in terms of issued green financial bonds, reinforcing its …

Gain insights into economic resilience via plenum
7 months, 1 week ago

Gain insights into economic resilience via plenum

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. The third plenary session of the 20th Central Committee of the Communist Party of China, held in July, focused on further deepening reform comprehensively to advance Chinese modernization. Since the third plenary session of the 18th CPC Central Committee, China has been taking measures to deepen …

Xi steers China into sweeping green transition
7 months, 1 week ago

Xi steers China into sweeping green transition

China Daily  

A photo taken on Aug 11, 2023 shows the village of Yucun in East China's Zhejiang province. This statement by Chinese President Xi Jinping is vividly exemplified by the people of Anji county in East China's Zhejiang province, where a shift in perception has successfully driven a green transition. These sweeping changes in the local geographic and economic landscape were …

Country's green and low-carbon development contribution to world
7 months, 2 weeks ago

Country's green and low-carbon development contribution to world

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. At the same time, the country's utilization efficiency of major resources should have reached an internationally advanced level, and its economic and social development should be on a green and low-carbon track, with carbon emissions being on a steady decline after …

Guidelines set out path to green future
7 months, 2 weeks ago

Guidelines set out path to green future

China Daily  

Wind turbines in Zhoushan, Zhejiang province, slowly turn with the help of sea breezes and generate green electricity for places across the country. Lin Boqiang, director of the China Institute for Studies in Energy Policy at Xiamen University, emphasized the need to address the rapid growth in energy demand alongside the expansion of renewable energy production. Zhang Jianhua, director of …

Guidelines set out path to green future
7 months, 2 weeks ago

Guidelines set out path to green future

China Daily  

Wind turbines in Zhoushan, Zhejiang province, slowly turn with the help of sea breezes and generate green electricity for places across the country. Lin Boqiang, director of the China Institute for Studies in Energy Policy at Xiamen University, emphasized the need to address the rapid growth in energy demand alongside the expansion of renewable energy production. Zhang Jianhua, director of …

Country's green and low-carbon development contribution to world
7 months, 2 weeks ago

Country's green and low-carbon development contribution to world

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. At the same time, the country's utilization efficiency of major resources should have reached an internationally advanced level, and its economic and social development should be on a green and low-carbon track, with carbon emissions being on a steady decline after …

China issues guidelines to ramp up green transition of economic, social development
7 months, 2 weeks ago

China issues guidelines to ramp up green transition of economic, social development

China Daily  

A view of a wind farm in Taizhou, Zhejiang province. BEIJING -- The Communist Party of China Central Committee and the State Council have unveiled a set of guidelines to ramp up green transition in all areas of economic and social development. According to the recently issued guidelines, the main objectives are that by 2030, the country will achieve "remarkable …

China launches ambitious green transition guidelines
7 months, 2 weeks ago

China launches ambitious green transition guidelines

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. China's central government has unveiled a new state-level guideline aimed at achieving a comprehensive green transition across the nation's economy and society over the next decade. Among the specific goals are increasing the scale of the energy-saving industry to approximately 15 …

China launches ambitious green transition guidelines
7 months, 2 weeks ago

China launches ambitious green transition guidelines

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. China's central government has unveiled a new state-level guideline aimed at achieving a comprehensive green transition across the nation's economy and society over the next decade. Among the specific goals are increasing the scale of the energy-saving industry to approximately 15 …

IEA says China renewables benefit world
7 months, 3 weeks ago

IEA says China renewables benefit world

China Daily  

Technicians install photovoltaic panels at a solar power farm in Dongshan county, Fujian province. The rapid growth of renewable energy in China is outpacing the pursuit of national carbon goals, significantly aiding the global shift toward green energy, experts said. By the end of June, China's grid-connected wind power capacity stood at 470 million kW, and grid-connected solar power capacity …

New energy helps in green transition
8 months, 1 week ago

New energy helps in green transition

China Daily  

Technicians check a power transmission tower in Chuzhou, Anhui province. SONG WEIXING/FOR CHINA DAILY Installations of new energy in China, including solar and wind, were predominant in the power sector last year, further accelerating the country's green and low-carbon transition, the China Electricity Council said. Investments in national power generation projects reached 1.02 trillion yuan, up 37.7 percent year-on-year, while …

Countries must be broad-minded so world can better tap potential of tech and green frontiers
9 months ago

Countries must be broad-minded so world can better tap potential of tech and green frontiers

China Daily  

An aerial drone photo taken on June 24, 2024 shows the Dalian International Conference Center, venue of the 2024 Summer Davos, in Dalian, Northeast China's Liaoning province. The attention the world is paying to the three-day 15th Annual Meeting of the New Champions, also known as the Summer Davos, which opened in Dalian, Liaoning province, on Tuesday, reflects the international …

China Development Bank ups loan support for green projects
9 months ago

China Development Bank ups loan support for green projects

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. BEIJING -- The China Development Bank, a major policy bank in the country, has strengthened financial support for the green and low-carbon industries. The bank issued over 200 billion yuan of green loans during the first five months of the year, …

A nation supporting renewables, green transition should be commended
9 months, 1 week ago

A nation supporting renewables, green transition should be commended

China Daily  

People visit the 21st Guangzhou International Automobile Exhibition held in Guangzhou of Guangdong province, Nov 19, 2023. Without China's development in the renewable energy sector, the global progress on climate change would be much slower and more costly. China's new energy vehicle sales rose 33.5 percent year-on-year in April 2024, far outpacing the overall increase in vehicle sales, and the …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

By Zhou Lanxu, Liu Zizheng, Yan Xingzhou and Ma Qing| chinadaily.com.cn| Updated :2024-06-06 As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's carbon commitment blueprint for global sustainability
10 months ago

China's carbon commitment blueprint for global sustainability

China Daily  

China's low-carbon commitment, particularly the endeavor to achieve its carbon-neutral target, has become a new driving force for the country's inbound and outbound investment. China's determined climate commitment to achieve carbon neutrality by 2060 and peak carbon emissions by 2030 marks a significant turning point in the global fight against climate change. This shift towards carbon neutrality reflects a profound …

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