CPI releases report on China’s climate finance potential backed by the Beijing-based IFS

Climate Policy Initiative (CPI), an analysis and advisory organization with deep expertise in climate finance and policy, announces the release of “The Potential for Scaling Climate Finance in China,” CPI’s first report offering detailed insights into China’s green and climate financing trends across sectors, instruments, and financial actors, as well as outlining potential challenges and opportunities for mobilizing finance to meet China’s climate goals. The report is endorsed by the team from the Beijing Institute of Finance and Sustainability (IFS), China’s independent proponent and think tank of green finance in the service of addressing climate change and sustainable development both within China and abroad.

As one of the world’s largest source of CO2 emissions, China’s climate action plays a vital role in whether the world can meet the Paris Agreement target of limiting warming to 1.5 degrees Celsius. In recent years, China has continued to reaffirm its climate commitments. It recently announced at the UN General Assembly that it will aim to achieve peak CO2 emissions before 2030, and carbon neutrality before 2060.

To meet the goals for advancing a sustainable ecological society, as well as fulfill its commitments to the world, China’s green and climate finance needs to be mobilized at an unprecedented scale. As such, The Potential for Scaling Climate Finance in China offers detailed findings on context, landscape, barriers, and opportunities of China’s climate finance, as well as practical recommendations for improving quality and scaling up innovative climate finance in China. For example, mobilizing social capital will be critical to achieving these goals.

As a world-renowned organization specializing in climate finance, CPI has a long history developing practical guidance on environmental policy and financial regulation that drives economic growth while addressing climate change. Meanwhile, IFS is dedicated to convening leading international finance experts and policymakers in China and partner countries to promote green finance by conducting policy research, toolkit innovation, capacity building and international collaboration in the field of green finance. Sharing the common belief that developing new financial policies, infrastructures and instruments are central to building strong and sustainable economies for future generations.

Ma Jun, director of the Beijing Institute of Finance and Sustainability (IFS), said, “IFS focuses on conducting research and offering advice on developing strategy, policies, and implementation of green finance, to not only help China reach its climate and ecological goals, but to continue building momentum for its international role in green finance and sustainable development. As such, we collaborate with other global leading organizations to help achieve our goals, and CPI is one such international climate finance expert. Regarding the current landscape of China’s domestic climate finance, he commented, “led by the central bank’s initiative, China has undertaken significant steps for sustainable finance reform in the past years. With the 14th Five-Year Plan being released in 2021, China will raise climate ambitions and work hard to implement innovative green finance.”

China’s green financial reform has made great progress during the 13th Five-Year Plan with high-level political support, central bank leadership, green taxonomies, and substantial incentives. So far, China’s green financial reform has led to more than RMB 11.55 trillion (USD 1.8 trillion) in outstanding green loans, RMB 1.2 trillion (USD 190 billion) in green bonds, hundreds of established green funds, opportunities for green stock indices, and insurance. In total, an average USD 202 billion was deployed annually in climate-related investments and an additional USD 118 billion in other environmental sectors during the period 2017-2018.

“We are very honored to be recognized by the Institute of Finance and Sustainability,” said Thomas Heller, chairman of the board and senior strategic advisor of CPI. “In the context of taking China’s green financial reform to the next stage, we are pleased to present this report, which for the first time offers detailed insights into China’s green and climate financing trends across sectors and financial actors.”

The full report, The Potential for Scaling Climate Finance in China, can be downloaded from CPI’s website.




作为世界上最大的二氧化碳排放国之一,中国的气候行动将对全球能否实现《巴黎协定》中将升温限制在1.5℃ 以下的远大目标发挥决定性作用。近年来,中国继续重申其应对气候变化的承诺,并在最近的联合国大会上,宣布力争在2030年之前二氧化碳排放达到峰值,在2060年之前实现碳中和。




在“十三五”规划期间,通过高层政策支持、央行领导、绿色分类法、发展试点区及大量激励措施等,中国的绿色金融改革取得了重大进展。截止目前,中国绿色金融改革已带来超过11.55万亿元(1.8万亿美元)的绿色贷款余额、1.2万亿元(1,900 亿美元)的绿色债券、数百个绿色基金、绿色股票指数和绿色保险等产品。据统计,2017-2018年期间,全球平均每年用于气候相关投资的资金为2020亿美元,用于其他环境问题的资金为1180亿美元。

“我们很荣幸能够得到北京绿色金融与可持续发展研究院的肯定。”CPI主席和高级战略顾问托马斯·海勒(Thomas Heller)表示,“我们很高兴在中国的绿色金融改革进入下一阶段的重要时刻提交这份报告,这也是我们首次为中国各部门和融资主体就绿色和气候融资趋势提出详细见解和参考意见。”









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