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B&R Forum on Green Finance and Low-carbon Development Held

2021-05-25Source:MEE

Under the guidance of the Ministry of Ecology and Environment, the Global Institute (CGI) of China International Capital Corporation Limited (CICC) and the BRI International Green Development Coalition (BRIGC) co-hosted on May 25 the Belt and Road Forum on Green Finance and Low-carbon Development in Beijing. The Forum aims to share the visions and discuss the collaborative approaches for green finance and low-carbon development to boost green Silk Road development. Zhao Yingmin, Vice Minister of Ecology and Environment and Convener of the BRIGC Advisory Committee, addressed the Forum through video.

It was pointed out in the Forum that the transition to a green, low-carbon development pattern will be the "only way" to achieve sustainable development and the "optimal solution" to facilitate a green recovery of the world economy from the aftermath of the pandemic. China unswervingly follows a green, low-carbon and high-quality development path that prioritizes ecological conservation, and the country has been working diligently to fulfill its responsibilities in the international community. The joint efforts of China and relevant parties to build a green Silk Road are based on and aligned with the world's objective for sustainable development, and China is determined to contribute its wisdom and strengths to global development.

It was stressed in the Forum that the development of BRI helps to share the concepts of ecological civilization and realize sustainable development. It is important to unleash the potential of BRIGC as a platform to enhance green partnerships, facilitate effective cooperation in green infrastructure, green energy and green finance, and promote best practices in green development of BRI.

More than 20 speakers from government departments, think tanks, international organizations and businesses from home and abroad were invited by the Forum, including Jin Liqun (President of Asian Infrastructure Investment Bank), Shen Rujun (Chairman of CICC), Su Wei (Deputy Secretary-General of the National Development and Reform Commission), and Andrew Steer (BRIGC Co-Chair, President and CEO of the Bezos Earth Fund). The speakers shared their insights and unique views on a variety of hot topics related to the green Silk Road, such as green energy, green infrastructure and green finance, and put forward a series of strategic and policy recommendations on fueling green BRI development through industrial and investment collaboration and international cooperation.

During the Forum, BRIGC and CICC issued the Green BRI and 2030 Agenda for Sustainable Development and Annual White Paper on BRI Research in 2021 respectively. Almost 200 delegates from government departments, financial institutions, and the academic circle participated in the Forum on site.

Translated by BRIGC

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