Asia Pacific > China seen to need over $230 bln in additional annual funding to reach carbon neutrality

China seen to need over $230 bln in additional annual funding to reach carbon neutrality

Published 06:37 on April 11, 2023  /  Last updated at 06:37 on April 11, 2023  / /  Asia Pacific, China

China is facing a funding gap of over 1.6 trillion yuan ($232.7 billion) in funding per year to achieve its carbon neutrality targets by 2060 due to information asymmetry and inefficiency issues surrounding the operations of green projects, according to a top official at a government-backed association.
China is facing a funding gap of over 1.6 trillion yuan ($232.7 billion) in funding per year to achieve its carbon neutrality targets by 2060 due to information asymmetry and inefficiency issues surrounding the operations of green projects, according to a top official at a government-backed association.


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