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China-Lujiazui Forum/Carbon Neutrality
Shanghai, China - June 10, 2021 (CCTV - No access Chinese mainland)
1. 13th Lujiazui Forum in progress
2. Sign highlighting carbon peaking, carbon neutrality
3. Various of forum in progress
4. SOUNDBITE (Chinese) Shu Yinbiao, chairman, China Huaneng Group:
"We must build stable and robust industrial and supply chains. From this point of view, technology is important in any innovation. All companies are strengthening their research and development investments."
5. Various of forum in progress
6. SOUNDBITE (Chinese) Liu Guiping, deputy governor, People's Bank of China (ending with shot 7):
"Carbon emissions won't drop dramatically after reaching their peak. There will probably be a plateau. Costs to meet carbon neutrality may vary during different periods of time."
7. Various of forum in progress
Entrepreneurs and experts from across China shared their views on what the financial industry can do to help reach zero carbon emissions at the 2021 Lujiazui Forum, which opened in Shanghai on Thursday.
"Leveraging the financial market to achieve a carbon peak and carbon neutrality" is one of the most important panel discussions at this year's Lujiazui Forum.
Corporate representative Shu Yinbiao, from China Huaneng Group, said there are many challenges ahead for the firm to restructure along the lines of a green transition, and he said technological innovations are paramount.
"We must build stable and robust industrial and supply chains. From this point of view, technology is important in any innovation. All companies are strengthening their research and development investments," said Shu.
To match demand, Liu Guiping, deputy governor of the People's Bank of China (PBoC), said the central bank has already started issuing inter-bank green debt.
According to Liu, there are still many challenges ahead, as peak carbon emissions could plateau in 2030, and it could take years to gradually cut emissions to reach carbon neutrality.
"Carbon emissions won't drop dramatically after reaching their peak. There will probably be a plateau. Costs to meet carbon neutrality may vary during different periods of time," said Liu.
As of the end of May, 89 debts related to carbon neutrality were issued in China. The total value of these debts has reached more than 15 billion U.S. dollars, but the carbon neutrality plan cannot be accomplished by a single country. Participants at the Lujiazui Forum are urging global cooperation.
The PBoC is already working with the European Union to come up with new avenues of green cooperation. The central bank said it is exploring new financial instruments to make green finance more efficient.
China-Lujiazui Forum/Carbon Neutrality
Dateline : June 10, 2021
Location : Shanghai,China
Duration : 1'25
Shanghai, China - June 10, 2021 (CCTV - No access Chinese mainland)
1. 13th Lujiazui Forum in progress
2. Sign highlighting carbon peaking, carbon neutrality
3. Various of forum in progress
4. SOUNDBITE (Chinese) Shu Yinbiao, chairman, China Huaneng Group:
"We must build stable and robust industrial and supply chains. From this point of view, technology is important in any innovation. All companies are strengthening their research and development investments."
5. Various of forum in progress
6. SOUNDBITE (Chinese) Liu Guiping, deputy governor, People's Bank of China (ending with shot 7):
"Carbon emissions won't drop dramatically after reaching their peak. There will probably be a plateau. Costs to meet carbon neutrality may vary during different periods of time."
7. Various of forum in progress
Entrepreneurs and experts from across China shared their views on what the financial industry can do to help reach zero carbon emissions at the 2021 Lujiazui Forum, which opened in Shanghai on Thursday.
"Leveraging the financial market to achieve a carbon peak and carbon neutrality" is one of the most important panel discussions at this year's Lujiazui Forum.
Corporate representative Shu Yinbiao, from China Huaneng Group, said there are many challenges ahead for the firm to restructure along the lines of a green transition, and he said technological innovations are paramount.
"We must build stable and robust industrial and supply chains. From this point of view, technology is important in any innovation. All companies are strengthening their research and development investments," said Shu.
To match demand, Liu Guiping, deputy governor of the People's Bank of China (PBoC), said the central bank has already started issuing inter-bank green debt.
According to Liu, there are still many challenges ahead, as peak carbon emissions could plateau in 2030, and it could take years to gradually cut emissions to reach carbon neutrality.
"Carbon emissions won't drop dramatically after reaching their peak. There will probably be a plateau. Costs to meet carbon neutrality may vary during different periods of time," said Liu.
As of the end of May, 89 debts related to carbon neutrality were issued in China. The total value of these debts has reached more than 15 billion U.S. dollars, but the carbon neutrality plan cannot be accomplished by a single country. Participants at the Lujiazui Forum are urging global cooperation.
The PBoC is already working with the European Union to come up with new avenues of green cooperation. The central bank said it is exploring new financial instruments to make green finance more efficient.
ID : 8203047
Published : 2021-06-11 05:13
Last Modified : 2021-06-11 21:21:00
Source : China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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