On August 10, 2022, the list of climate investment and finance pilots was announced, and a total of 23 climate investment and finance pilots were approved. The list was announced by nine ministries, among them the Ministry of Ecology and Environment (MEE). It aims to form a policy framework conducive to the development of climate investment and financing, cultivate climate-friendly market mechanism, explore climate investment and financing development models, establish international cooperation platforms, so that capital, talent, technology and other types of factor resources to the climate investment and financing field be fully gathered. Climate investment and financing pilot is expected to not only better play the policy guiding role of government departments, but also to give full play to the leading role of financial institutions, enterprises and other types of market players.
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.
