As economic growth ramps up China’s energy consumption, the government has laid down clear plans to reduce emissions, promote ecological conservation, and move towards a green economy. Coal consumption has already peaked, dropping by 3.7 per cent in 2015.
State lenders have been advised to increase green finance and Chinese investors have been asked to source sustainable investments both at home and overseas.
The country is receptive to western cooperation to help it achieve its low carbon ambitions. China estimates its green agenda will require an annual investment of at least 2 trillion RMB (USD305bn).