Scaling Up Climate Finance in China: How to unlock private investment?

From left: Dimitri de Boer (Vice Chairman, CCF), Dr. Chen Bo (Director Assistant, Research Center for Climate and Energy Finance, Central University of Finance and Economics), Dr. Wen Gang (Deputy Director of Research and Development, CDM Fund, Ministry of Finance, China), Ms Wu Changhua (Director, Greater China, The Climate Group), Dr Nicolas Georgy (Director, Property & Speciality Desk, Swiss Re)

From left: Dimitri de Boer (Vice Chairman, CCF), Dr. Chen Bo (Director Assistant, Research Center for Climate and Energy Finance, Central University of Finance and Economics), Dr. Wen Gang (Deputy Director of Research and Development, CDM Fund, Ministry of Finance, China), Ms Wu Changhua (Director, Greater China, The Climate Group), Dr Nicolas Georgy (Director, Property & Speciality Desk, Swiss Re)

China’s highly ambitious mitigation efforts require huge amounts of investment. With US 71 trillion globally under management of pension funds, insurance companies, and investment funds, there is much potential for growth in private investment for climate related activities. However, the fundamental political and financial risks are still seen as too high for large scale, low carbon investment. Insurance can play an enabling role in reducing the investment risk often associated with these investments. As climate finance in China is driven by policy, there is a significant policy opportunity to incentivize business to invest in climate based projects, with an emphasis on creating meaningful public private partnerships (PPPs) to reduce investment risk.

For full Record of Discussion the panel featuring Dimitri de Boer (Vice Chairman, CCF), Dr. Chen Bo (Director Assistant, Research Center for Climate and Energy Finance, Central University of Finance and Economics), Dr. Wen Gang (Deputy Director of Research and Development, CDM Fund, Ministry of Finance, China), Ms Wu Changhua (Director, Greater China, The Climate Group), and Dr Nicolas Georgy (Director, Property & Speciality Desk, Swiss Re), download PDF: Scaling Up Climate Finance in China

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