Financing China's Energy Transition: Decarbonization Targets and Pathways for Carbon-intensive Industries Workshop
About this Event
China's commitment to peak carbon emissions before 2030 and achieve carbon neutrality by 2060 necessitates an unprecedented energy transition, particularly within carbon-intensive industries (e.g., steel, cement, chemicals, and power generation). These sectors account for over 80% of the nation's industrial CO₂ emissions, yet their decarbonization faces dual challenges: breakthroughs in critical technologies (e.g., scaling green hydrogen, commercializing carbon capture) and massive financing gaps. To accelerate this transition, China is rapidly developing a transition finance ecosystem to support green and low-carbon transition of carbon-intensive industries.
Although enterprises and financial institutions are increasingly developing transition plans, many fail to align with sectoral decarbonization requirements under China's dual carbon goals and the Paris Agreement. Three critical issues demand urgent resolution in scaling transition finance:
1. Sectoral Pathways: Developing science-based transition roadmaps addressing technological bottlenecks and financing needs
2. Target Alignment: Setting corporate transition targets consistent with both China's dual carbon goals and the Paris Agreement's 1.5°C and 2°C trajectories
3.Financial Enabling: Implementing bank-led financial plans by anchoring transition targets and capital allocation to industrial decarbonization pathways.
This workshop co-host by Institute of Finance and Sustainability (IFS), BloombergNEF (BNEF) and Capacity-building Alliance of Sustainable Investment (CASI) brings together policymakers, industry leaders, financial institutions, and researchers to co-develop evidence-based solutions for overcoming these challenges and advancing effective transition finance.
Agenda
| Time | Event |
|---|---|
| 14:00 – 14:15 | Welcome & Introduction (15 mins) – Cheng Lin, Director of Center for International Collaborations, IFS, Head of CASI Secretariat; Yushen Liu, BNEF Co-Head of APAC Sales |
| 14:15 – 15:15 | Presentation: Technology Pathways for Energy Transition and New Concepts for Banks Transition Goal Setting (60 mins):
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| 15:15 – 16:00 | Panel Discussion (45 mins) – Moderator: Yang Wang, BNEF Market Specialist for ESG and AI:
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| 16:00 – 16:15 | Q&A (15 mins) |
| 16:15 – 16:30 | Wrap up & Conclusion (15 mins) – Yushen Liu, BNEF Co-Head of APAC Sales; Cheng Lin, Director of Center for International Collaborations, IFS, Head of CASI Secretariat |