The Sustainable Finance Common Ground Taxonomy (updated version, hereinafter referred to as the CGT) was officially launched by the International Platform on Sustainable Finance (IPSF) on June 3, 2022. This revised version of CGT incorporates market feedbacks gathered during the open consultation between November 4, 2021 and January 14, 2022, and adds 17 economic activities on manufacturing and construction sectors that have been reviewed by experts from China and Europe. The CGT is a comparison of the China Green Bond Endorsed Project Catalogue and EU taxonomy. Moreover, it also paves the way for financial institutions and enterprises in EU and China to make cross-border investment or green bonds issuance.
China issues National Climate Plan for 2026–2030
On 27 July 2026, the Ministry of Ecology and Environment (MEE) and 18 other national authorities jointly issued the “National Climate Change Plan for the 15th Five-Year Plan Period”. The plan covers the period 2026–2030 and addresses mitigation, adaptation, carbon markets, product carbon footprints and climate governance.
The plan builds on the objectives of the general 15th Five-Year Plan (FYP) for National Economic and Social Development, adopted in March 2026, and of the State Council’s “Action Plan for Carbon Peaking during the 15th Five-Year Plan Period”, issued earlier this month. While the “Action Plan for Carbon Peaking” focuses mainly on energy and sectoral carbon dioxide (CO2) reductions, the new national climate plan also addresses non-CO2 gases, climate risk and the data systems needed to implement climate policy.
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