China's low-carbon financing policy and mechanisms
12 August 2014
Gold Coast campus
China faces tougher challenges than developed countries in climate change mitigation. As China will continue to pursue industrialization and urbanization in the years to come, it is important for the country to increase energy efficiency, develop new and renewable energies, reduce pollutant discharge and improve the quality of the environment. The Chinese government has introduced a series of emission mitigation targets to support the country's economic transformation and realize low-carbon development. However, one of the key challenges is how to get the money in place to fund these initiatives, ie. the capacity for financing low-carbon programmes.
Dr Xiang Yu is Senior Fellow in the Institute for Urban and Environmental Studies (IUE) of the Chinese Academy of Social Sciences (CASS), which is a key national research agency in China and affiliated with the People's Republic of China's State Council. Dr Yu holds a PhD in finance and a master degree in economics. Before joining the IUE, she conducted research on low-carbon economy at the Political Economy Research Institute (PERI) of the University of Massachusetts in US. Her research focuses on climate change policies, carbon finance and sustainable development in China.
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