How Financial Institutions Can Seize the Climate Investment Opportunity in 2022

Gracie Sun as featured on 21st Century Business Herald

In December 2021, nine departments such as the Ministry of Ecology and Environment, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Housing and Construction, the People's Bank of China, the SASAC, the Banking and Insurance Regulatory Commission, the General Office of the Securities Regulatory Commission and the Office of the State Administration jointly issued the "Climate Investment and Financing Pilot Work Plan" (hereinafter referred to as the "Program"), officially launching the local pilot declaration of China's climate investment and financing.

Under the "double carbon" goal, the low-carbon transition brings a trillion-level financing gap, relying on financial funds alone is not enough, the government is through a variety of policies and measures such as supervision and incentives, guiding market funds to the climate field.