The Asia Investor Group on Climate Change (AIGCC) has launched a new China working group to meet growing interest from investor members who want to invest in the Chinese market. Qimin Chai, Director of the Strategic Planning, National Centre for Climate Change Strategy and International Cooperation (NSCS), from China’s Ministry of Ecology and Environment, spoke at the working group’s inaugural meeting on 24 April. He said: “To achieve China’s 2060 carbon neutrality goal, over RMB 139 trillion (US$21 trillion) investment will be needed, with a long-term funding gap of RMB 1.6 trillion (US$232 billion) per year.” In the first year of its launch, the China Working Group will be open to Chinese investors who are not currently AIGCC members to encourage an active and dynamic discussion. The AIGCC has six other working groups: energy transition, engagement and policy, forest and land use, Japan working group (facilitated in Japanese), Paris-aligned investment, and physical risk and resilience.
📢 AIGCC has launched a new #China working group to meet the growing interest from investors who invest in the China market. More: https://t.co/qHUfZyoxEl
About our working groups: https://t.co/XPevTV5yFR#climatechange #chinapolicy pic.twitter.com/xwLE7nBm8G
— AIGCC (@AIGCC_update) April 24, 2023