The EU SME Centre is pleased to share a conference on ‘Fighting Climate Change with Finance‘ organized by the consortium parter of the EU SME Centre, the European Union Chamber of Commerce in China (EUCCC). The offline conference will be held on 19 May from 09:00-12:30 (Beijing)*.
Sustainable financing is an important tool for tackling climate change and other environmental challenges, and will be integral to putting global economic development on a sustainable path. Climate Finance is one of the sessions that addressed during recent Leaders Summit on Climate that President Biden has invited 40 world leaders attending from 22nd and 23rd April.
Forty years after the beginning of its reform and opening-up policy, China is now not only the world’s second largest economy but also a world leader in defining and growing the green bond market. The country is pushing the development of green financing to support its industrial upgrading and anti-pollution campaigns, and environmental protection and decarbonisation have been made top priorities under the 14th Five-year Plan. This could open up new opportunities for European financial institutions, many of whom have expertise in green financing.
Some of the challenges China faces include: how to make its green bond standards more consistent with international criteria to help attract more investment; how to increase international cooperation on improving green finance standards, with a view to facilitating cross-border green capital flows; and how to improve collaboration between government, banks and industry to develop a coherent green finance market.
To answer these and other questions, and to explain how European financial institutions could identify opportunities in the Chinese market, we are pleased to invite representatives from the European Commission, the Chinese government, thinktanks and industry to share their insights.
Read more about the event here.
*Please be aware that this is a not a free-of-charge event.