Islamabad, Nov 9: China Shares Carbon Finance Expertise to Strengthen South-South Cooperation on Climate Action. China’s expertise and resources in financing and investing for climate change were shared with 21 officials and professionals from 13 countries, including Pakistan, Indonesia, Brazil, Laos, Cambodia, and Honduras, during the Belt and Road Capacity-building Seminar on Financing Mechanisms and Carbon Finance.
This seminar, organized by the Department of Climate Change within the Chinese Ministry of Ecology and Environment, recently concluded in Guangzhou, as reported by China Economic Net (CEN) on Saturday.
“Under the framework of the United Nations Framework Convention on Climate Change and the Paris Agreement, it is imperative that developed nations offer financial, technical, and other forms of assistance to developing nations to help them confront climate change.
Nonetheless, developed nations have failed to meet their pledge of providing $100 billion each year in climate financing to support developing countries.In this context, conducting a seminar focused on climate finance holds significant importance, symbolizing China’s commitment to South-South collaboration in addressing climate change,” remarked Chen Zhihua, Deputy Director of the National Center for Climate Change Strategy and International Cooperation.
The seminar included presentations and practical lessons on various topics such as climate change, artificial intelligence, energy transition and carbon neutrality, the low-altitude economy and smart transportation, carbon market development, as well as green and carbon finance.
According to Chen Zhihua, China has entered into 53 memorandums of understanding regarding South-South cooperation on climate change with 42 developing nations to collectively create low-carbon demonstration zones and initiate projects for climate change mitigation and adaptation.So far, 2,600 officials and professionals involved in climate change from over 120 countries have participated in China’s training programs.
