Why China’s path to a green economy is paved with fintech

Beijing has prioritised financial innovation for sustainability, says the vice-chairman and executive director of the Paulson Institute. 

By Deborah Lehr as featured on The New Statesman

The money needed to save our planet is daunting. Experts say $2.4trn is required every year up to 2035 to meet the goals of the Paris Agreement. Reversing the global decline of biodiversity alone will require more than $700bn annually over the next ten years, according to the Paulson Institute.

Governments cannot meet these financial demands alone. The private sector must play a role, and innovation is key to unlocking the capital required.