This book treats different themes which are intrinsically linked and of extreme significance for the entire global community such as the necessity to cut emissions and transit toward a more sustainable and green economy. The content extends to the urgency to shape a new multilateralism and reinforce cooperation to achieve global goods, where the environment comes first, to the green finance which will play a fundamental role for the green transition paying particular attention to the United Nations’ 2030 Agenda for Sustainable Development.

A particular emphasis is given to the so-called ‘Dual Circulation Strategy’ (DCS) which is presently becoming the priority not only for China but also for the rest of the global community. Due to the uncertainties caused by the pandemic and other external factors, China has substituted GDP growth with the so-called six guarantees (liù bǎo 六保) which represent the six fundamental aspects of the economy and society that according to the central government must receive priority attention, and protection in economic policy to ensure economic recovery. China also introduced the concept of an ‘ecological civilization’ (shēngtài wénmíng 生态文明) through green, low-carbon economic development. One of the targets is to achieve carbon neutrality before 2060, though the rest of the global community and in particular the European Union with its Green Deal, and the US with its renewed climate policies, are pushing to reach this objective in 2050.

In order to grant all these developments, ‘green finance’ plays a fundamental role for the success of this green transition. Therefore, a substantial part of this book explores the many aspects surrounding this theme. Due to renewables playing a very important role in the green transition, the final part of this book explores investment opportunities related to the development of these alternative sources of energy.

Contents:

• The Elements Stimulating China’s Green Development and the Role of ‘Green Finance’ in Supporting the Transition of China toward a Sustainable, Carbon-Neutral Economy and a Shared Future


• China’s Vision for a Community with a Shared Future: Multilateralism as Part of the ‘Recipe’ to Achieve Common Goals through Sustainable and Green Development


• Shared Responsibilities in the Ambit of Climate Change: The Leading Economies’ Initiatives for the Transition toward a Carbon-Neutral Economy Need to Converge & the Importance of the Outcome of the COP27


• Advancing toward a Green Economy Needs the Special Focus of the Entire Global Community on the Development of Green and Low-Carbon Energy Sources and More Pronounced Green Finance


• Understanding Green Finance and Its Role in the Transition to a Green Economy


• Investment Opportunities Deriving from the Transition toward a Green, Nature-Positive Economy

Readership: Undergraduates, graduates, professionals and policy makers interested in China’s economic development and its impact on the global economy.

Key Features:

• Presents a unique perspective of China collaborating with the global community in meeting the United Nations’ 2030 Agenda for Sustainable Development


• Offers clear explanations to better understand the framework in which China and the other major economies are advancing toward a ‘Green Economy’


• Provides special focus on green finance, which is playing an increasingly important role in funding renewables