Connect with us

Hi, what are you looking for?

Imsilkroad

China to be at heart of climate business boom: Paulson Institute

Abstract : China will be at the heart of the climate business boom, said Deborah Lehr, vice chairman and executive director of the Paulson Institute, at the International Finance Forum on Sunday.

BEIJING, May 30 (Xinhua) — China will be at the heart of the climate business boom, said Deborah Lehr, vice chairman and executive director of the Paulson Institute, at the International Finance Forum on Sunday.

The scale of China’s emissions creates opportunities, and the country is becoming a leader in innovative green finance, Lehr explained.

She hailed the upcoming launch of China’s carbon exchange, noting that with just one industry, it will cover not only about 45 percent of China’s own carbon emissions but 14 percent of global emissions.

China is planning to start online transactions in the national carbon market by the end of next month, the country’s environment ministry spokesperson told a regular press conference this week.

When the eight other polluting industries are added to the exchange, it could potentially cover up to 30 percent of global emissions, according to Lehr.

“Carbon could become the new currency with China creating the terms, the standards, and the pricing,” she added.

A recent Goldman Sachs study modeling China’s potential path to achieve net zero carbon by 2060 estimates that there will be 16 trillion U.S. dollars in clean-tech infrastructure investment by 2060 allowing for the creation of 40 million new jobs.

Citing the report, Lehr noted that China has started to further open its businesses of environmental goods and services to foreign firms. “That’s good business,” she said. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to be at heart of climate business boom: Paulson Institute

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...