CBIRC held a conference that focused on achieving carbon-neutrality targets and accelerating the development of green finance. It was pointed out at the conference that achieving carbon-neutrality is a major strategic decision related to the sustainable development of China. At the conference, participants discussed the possible measures to accelerate development of green finance, with focus on improving the legislative and institutional frameworks for green finance.
At the conference, the participants discussed the following key measures to accelerate the development of green finance:
- Innovate products and services, increase financial support for key areas such as renewable energy and green manufacturing, and promote the development and application of green and low-carbon technologies
- Strengthen risk management and gradually incorporate carbon performance and carbon pricing into the credit management process
- Use financial technology to improve climate and environmental risk management capabilities
- Improve regulatory policies, explore risk measurement methods suitable for green financial products, and grasp the relationship between pollution reduction, carbon reduction, and prevention of financial risks
- Strengthen international exchanges and cooperation in green finance and play an active role in the formulation of international rules
Related Link (in Chinese): Press Release
Keywords: Asia Pacific, China, Banking, Insurance, Climate Change Risk, ESG, Carbon Pricing, Sustainable Finance, Low-Carbon Economy, CBIRC
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