China to promote green energy, finance, transport and technology under BRI

28 March 2022

China's top economic planner on Monday issued a guidance on the green development of the Belt and Road Initiative (BRI), encouraging enterprises to invest and cooperate in green energy, finance, transport, technology and standards, as well as new-energy vehicle (NEV) production.

Promoting green development under the BRI is a major step to actively respond to climate change and safeguard global ecological security, read the guidance released by the National Development and Reform Commission (NDRC).

"We will encourage enterprises to invest and cooperate in the new-energy industry and the manufacturing of NEVs. We will encourage enterprises to set up overseas equity investment funds focusing on green and low-carbon sectors, and flexibly conduct investment cooperation in green industries through various means," said the NDRC.

The top planner vowed to steadily advance cooperation on green infrastructure, energy, transportation and finance by 2025.

By 2030, environmental risk prevention and control systems for overseas projects should be improved.

To realize the targets, the NDRC said that China will stop building new overseas coal power projects. For existing projects in this sector, China encourages enterprises strengthen the clean and efficient use of coal, while upgrading energy conservation and environmental protection facilities through the use of advanced technologies such as efficient desulphurization, and carbon dioxide capture, utilization and storage. [...]