climate
May 29, 2020

Strengthening Sino-German Ties in Driving Sustainable Global Growth

Dec 2, 2019 Dec 2, 2019
Beijing

On 2 December 2019, the project co-organised a roundtable discussion on the topic of sustainable finance together with the OMFIF and the DZ Bank. Around 25 high-level representatives from major financial institutions, banks and universities from China and Germany gathered in Beijing to discuss the importance of stepping up bilateral cooperation between China and Germany and its potential for promoting balanced global growth. Participants discussed how to channel cross-border flows of capital and investment to achieve the right mix of controls and free markets, how to align China’s Belt and Road Initiative with the Eurasian connectivity strategy and the European Commission’s Investment Plan for Europe, and other related topics. Experts also shared their opinions on how to align investments for a sustainable future with the Paris Agreement. The process of reaching a common definition of climate finance was emphasised as one important building block of global sustainable growth.

Copyright Yingying REN

 

 

Sino-German Climate Partnership III

Project country
China
Political Partners
German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU); Ministry of Ecology and Environment of the People's Republic of China (MEE); National Energy Administration of the People's Republic of China (NEA)
Implementation Partners
Energy Research Institute of the National Development and Reform Commission of the People's Republic of China
Duration
09/2017 – 09/2020

Germany and China signed the Memorandum of Understanding on Cooperation in Combatting Climate Change and initiated this bilateral dialogue as "Sino-German Climate Partnership". The project has been established to support the cooperation between the German Ministry of Environment, Nature Conservation and Nuclear Safety (BMU) and the Chinese Ministry of Ecology and Environment (MEE). The new phase of the project starts in 2018 with close alignment to the restructuring at the Chinese government. In this phase, the project aims to advance the policy dialogue and cooperation with the Chinese partners domestically as well as within the international context of climate change. Part of the work will be supporting the development and implementation of China's medium- and long-term low-carbon development strategies, hence by supporting the Chinese government in strengthening the climate governance system. Domestically the SGCP project supports the policy dialogue on climate change (Sino-German Working Group on Climate Change) and enhances the exchange of German experiences and best practices, this includes strengthening capacities for the development of integrated climate and energy action plans as well as adaptation concepts for cities. On international level the SGCP project enhances the knowledge of both patterns about best practices in regard of climate policies and their implementation. For new cooperation topics identified by the Working Group on Climate Change, the project acts as an incubator for IKI development. As interface for information management, it serves a as a hub for exchange between partners of the IKI within and outside China, especially within the UNFCCC process.