The Multilateral Cooperation Centre for Development Finance (MCDF) is a new, but prospectively important initiative in international development finance, initiated by China at the inaugural Belt and Road Forum in 2017, and now endorsed by eight leading international development banks worldwide. MCDF is a multilateral initiative to increase high-quality infrastructure and connectivity investments in developing economies in compliance with the international financial institution standards applied by accredited implementing partners through information sharing, capacity building and project preparation. It intends to support the implementation of the G20 Quality Infrastructure Principles, the UN Agenda 2030, the Sustainable Development Goals, and the Paris Agreement. Further Information (ENG).
On 7 November 2023, the Ministry of Ecology and Environment, in collaboration with ten other ministries and commissions, including the Ministry of Foreign Affairs, unveiled a much-anticipated action plan aimed at curtailing methane emissions. This document’s release is a pivotal moment in China, the world’s foremost methane emitter.