AIGCC China Working Group
The Asia Investor Group on Climate Change (AIGCC) has added a China working group to meet the investment needs of the Chinese market for investors and promote ESG development in China.
China has put forward the dual goals of carbon peak in 2030 and carbon neutrality in 2060, and is deploying competitive low-carbon energy such as wind energy and solar energy. Chinese experts stated at the establishment meeting of the working group that achieving the above goals requires at least $21 trillion investment, with an annual funding gap of over $230 billion.
The role of the China Working Group
With the development of ESG, investors gradually reduce their exposure to climate risk and hope to provide financial support for long-term carbon neutrality. The launch of the China Emissions Trading System and the China EU Common Ground Taxonomy Climate Change Classification has attracted the attention of investors.
As an investor alliance in Asia, AIGCC manages over $31 trillion in assets and plays an important role in sustainable investment. In the development of carbon reduction in China, AIGCC can connect the Chinese market with global investors and support investors in reducing portfolio emissions through Investor Climate Action Plans and Net Zero Investment Framework.
Working Areas of the China Working Group
The China Working Group aims to focus on knowledge sharing and peer learning among AIGCC members, such as:
- Explore specific themes with a focus on China
- Formulate policies, standards, and regulations
- Communicate with experts in the Chinese field
- Conduct AIGCC meetings in Chinese