NEW YORK – China is projected to invest the equivalent of US$75 trillion (487 trillion yuan) in carbon neutrality financing over the next 30 years, representing five times its 2020 national output, according to a December 2021 study by a consortium of government, academic and private-sector experts.
The 200-page report, which encompasses the whole range of carbon-neutral technology from hydrogen-fuel vehicles to nuclear electric power, was issued by the Research Group of the Green Finance Committee of China Society for Finance and Banking under the direction of Ma Jun, president of the Beijing Institute of Finance and Sustainability, an academic unit under the Beijing Municipal Bureau of Financial Work.
The Green Finance Committee of China Society for Finance and Banking was set up by the PBoC and regulators in April 2015.