Report release conference @NRDC

Increasingly, Chinese investors face risks associated with both the physical impacts (e.g., extreme weather) and policy impacts (e.g., carbon pricing) of climate change when investing in BRI countries. On July 27th, NRDC, partnering with the Tsinghua National Institute of Financial Research, released a report entitled, Enhancing Climate Risk Management of Financial Institutions in Belt and Road Investments. The report analyzed how climate risks will impact BRI investments and provided recommendations for governing bodies and financial institutions on how to cope with these risks through policy innovations and green investment strategies. More than 50 policy makers and experts joined the release event. Panelists from the Ministry of Ecology and Environment, the Export-Import Bank of China, the Asian Infrastructure Investment Bank, and the Industrial and Commercial Bank of China shared their opinions on the topic. The report was well received by the audience and journalists, which led to a heated discussion in the Q&A session. NRDC’s recommendations reached a wider audience through media coverage, including China News Service, the Paper, Environmental Economy and China Industry News.