(Economic Observation) The "green recovery" of the global economy is in urgent need of a financial "booster"

  China News Service, Beijing, May 30 (Reporter Xia Bin) The raging new crown epidemic has caused huge losses to global economic and social development. People have realized that they must not only deal with the serious problems caused by the epidemic, but also face the promotion of sustainable economic development. And the series of challenges of climate change.

  In this context, how will the global economy achieve a "green recovery"?

At the 2021 spring meeting of the International Finance Forum (IFF) held here, a number of international politicians, experts and scholars discussed this topic, and pointed out that financial support for "green recovery" should be further strengthened, and it urgently needs to be a key "booster" The “green recovery” will also drive climate cooperation between countries.

  Initiating a "green recovery" must solve the funding problem, but there is a shortage of this key "running water".

Han Seung-soo, co-chair of the IFF and chairman of the 56th UN General Assembly, pointed out that climate change is no longer a threat to the future, but a reality. Although the Paris Agreement was passed at the UN Climate Conference in 2015, there are currently about 200 The country or region has approved and signed the agreement, but there are still gaps to be filled in the specific implementation process.

  Liu Yanhua, director of the National Committee of Experts on Climate Change of China, believes that there are three gaps mentioned above: commitment gap, technology gap and funding gap.

Especially the funding gap, the funds currently available are not enough to support the needs of various actions.

  Inge Anderson, UN Deputy Secretary-General and Executive Director of UNEP, pointed out that the current global funding does not match the criticality of climate change, although part of the funding in the epidemic is indeed used in the right place, such as Spain for green infrastructure. With a large amount of investment, China has made great efforts in green transportation, but the above-mentioned countries are only a few, and some large economies have not been able to invest funds after the outbreak of the epidemic into green development. "This is a regrettable thing."

  She believes that there must be more research and development, more investment, for clean energy, clean transportation and green buildings.

For developing countries, there must be better international collaboration to implement green financing and debt moratorium agreements in a long-term manner.

  Frank Risberman, director of the Global Green Growth Institute, said that although some African countries, least developed countries, and small island countries contribute the least to climate problems, they also rely on climate finance and have the right to expect international development assistance to achieve Greener development.

  "The green recovery will be a resilient recovery, and this resilient and fair recovery will benefit everyone. Therefore, global problems require global solutions, and global solutions require global cooperation." Ahmed, Vice President of the Asian Development Bank Said said that by 2030, about 75% of the financial projects of the Asian Development Bank will support green development. In order to achieve this goal, international cooperation and international collaboration are extremely important.

  China's efforts and contributions in "green recovery" have attracted international attention.

Han Shengzhu said that the Chinese leader announced the goal of striving to achieve carbon neutrality by 2060. “Everyone needs to make better efforts on this road.”

  Frank Lisberman hopes that China's "One Belt, One Road" initiative and projects will be greener, and find effective ways to share green technology and renewable energy, electric transportation, and other green technology experiences that have been effectively developed and used in China.

  In this regard, Zhou Jian, former vice minister of the Ministry of Environmental Protection of China, stated that green development is becoming the keynote of China’s ecological civilization construction, and innovation and change will surely become China’s "30, 60 goals" (that is, strive to achieve carbon peaks by 2030, The basic kinetic energy to achieve carbon neutrality by 2060.

  Liu Yanhua also mentioned that China is in a critical period of industrial restructuring from a quantitative economy to a quality economy. The response to climate change is in line with China's national conditions and the overall direction of ecological civilization.

Global climate cooperation has a long way to go, and the "green recovery" after the impact of the epidemic is a good time for climate cooperation.