09 December 2015 – The Central University of Finance and Economics and NCSC jointly published the “Yearly Report for Climate Finance in China (2015)” at a side event in Paris.
The main points are listed below:
1) To achieve the goals in INDC, the domestic financial needs for addressing climate change in China will increase by 4% per year until it reaches the peak of 2560 billion CNY in 2020.
2) Encouraging private capital and issuing green bonds is crucial for China’s climate finance.
3) When designing market mechanisms like offset, the government should consider a “help-the-poor program” as a main target.
4) The foundation of climate funds in both national and provincial level is necessary.