China’s two grid companies (State Grid and Southern Grid) have announced RMB 140bn in special bonds to narrow the funding gap for renewable subsidies. Even as the Chinese government gradually phases out renewable energy subsidies, the available funds for paying out subsidies continue to run a deficit that is projected
At a conference on September 27, following the climate announcement of President Xi Jinping at the UN General Assembly, Mr. Li Gao, Director General of the Department of Climate Change of the MEE, Professor He Jiankun, former Vice President of Tsinghua University and Mr. Xu Huaqing, Director of the National
On September 21, the State Council approved new pilot free trade zones in Beijing and in the provinces of Hunan, Anhui, and Zhejiang. In the overall development plan for Beijing, a national CCER trading center will be established. The Beijing Equity Exchange is likely to lead the process. Setting up
At the United Nations Summit on Biodiversity, held virtually on September 30th, Chinese President Xi Jinping delivered a speech during the opening session, alongside other UN leaders. Confronted with unprecedented challenges brought on by accelerating global biodiversity deterioration and the COVID-19 pandemic, Xi sent a clear message that more significant
The Chinese government plans to strengthen legislation and create a “long-term mechanism” to curb waste in food production, purchase, storage, transportation, processing and especially consumption. This announcement by the National People’s Congress Standing Committee follows up on recent remarks by President Xi Jinping, in which he addressed potential national food
Eight ministries and departments, including the State Administration for Market Regulation, the National Development and Reform Commission, the Ministry of Ecology and Environment, and the State Post Bureau, jointly issued a guideline on promoting the standardization of green packaging in China’s express delivery industry. According to the guideline, China aims
The CCICED (China Council for International Cooperation on Environment and Development) 2019-2020 Policy Studies Release was held in three sessions on September 17 and 18, 2020, respectively. In response to the global pandemic and the cancelled Annual General Meeting, the meeting was held via webinar format with open participation by
At the United Nations Summit on Biodiversity, held virtually on September 30th, Chinese President Xi Jinping delivered a speech during the opening session, alongside other UN leaders. Confronted with unprecedented challenges brought on by accelerating global biodiversity deterioration and the COVID-19 pandemic, Xi sent a clear message that more significant
On September 22, 2020, at the General Debate of the 75th Session of the United Nations General Assembly, Chinese president Xi Jinping announced that China will scale up its Intended Nationally Determined Contributions (NDCs) by adopting more vigorous policies and measures. He declared that China aims to have CO2 emissions
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