Climate Cooperation China
On behalf of the International Climate Initiative (IKI)

The Updated Version of Sustainable Finance Common Ground Taxonomy was officially launched

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.

More policy news

China establishes assessment system for carbon peaking and carbon neutrality targets

Jointly issued by the General Office of the Communist Party of China (CPC) and Central Committee and the General Office of the State Council, this policy “Measures on Comprehensive Evaluation and Assessment for Carbon Peaking and Carbon Neutrality”, establishes a formal assessment system for evaluating how provincial-level Party committees and governments implement China’s carbon peaking and carbon neutrality objectives.
The assessment work is coordinated centrally and implemented by the National Development and Reform Commission together with relevant departments. It applies to provincial-level Party committees and governments, including provinces, autonomous regions, and municipalities.

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China sets new framework for energy conservation and carbon reduction

The General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council jointly issued two policies to strengthen energy conservation, carbon reduction, and the assessment of climate-related targets.
This article looks at the first policy, “Opinions on Advancing Energy Conservation and Carbon Reduction at a Higher Level and with Higher Quality”, which sets out a broad policy framework for improving energy efficiency, reducing carbon emissions, controlling fossil fuel consumption, and accelerating green industrial transformation.

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