Sino-German Cooperation
on Biodiversity, Climate and Environment
On behalf of International Climate Initiative (IKI)

Call for financing a climate-resilient future by promoting a sustainable banking sector

Copyright by GIZ

10 September 2019, Beijing – At the international seminar ‘Financing a climate-resilient future – Promoting a sustainable banking sector in line with the Paris Agreement’ organised by Greenovation Hub, representatives from international multilateral development finance institutions, financial regulators and governmental bodies exchanged the latest research findings and best practices for promoting renewable energy development in Belt and Road Initiative countries. They also addressed research findings and best practices for promoting a low-carbon transition and exploring effective climate finance policy options. Public and private financial flows are not yet adequately allocated to climate-related areas as required to meet the commitments of the Paris Agreement. Thus, financial flows urgently need to be shifted towards more sustainable, inclusive and climate- resilient areas at strategic, institutional, policy and practical levels. Dr Alex Fisher, Director of Sino-German Cooperation on Climate Change, Environment and Urban Development, presented GIZ’s experience with the implementation of International Climate Initiative (IKI) projects in China.

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Sino-German Cooperation on Climate Change (SGCCC)
Ms. Cao facilitates policy exchange between German and Chinese governments and coordinates work streams on south-south-north cooperation, climate legislation and finance to support China in strengthening its climate governance system. Besides, she supports the development of new projects. She studied at Humboldt University of Berlin, Free University of Berlin and Technical University of Munich, having extensive research experiences on climate and energy policies in China and Germany. Before joining GIZ, she worked at the German Institute for Economic Research (DIW Berlin) for many years.