Every year, 3.1 to 3.6 trillion RMB was required to achieve the goal of peaking CO2 emission by 2030. As part of the effort to leverage private capital in support of climate mitigation, supported by the Hewlett Foundation, NRDC co-organized the “Capital for Climate Solution: China Strategy Forum” on December 2-3, 2019 in Shanghai with Tsinghua University PBCSF. Over 40 senior professionals and experts from financial institutions and international organizations joined the meeting and brainstormed approaches to foster climate investment and finance, with focuses on financial products development, information disclosure, ESG investment and eco-system development. NRDC and partners conducted field studies in Hangzhou and Huzhou Zhejiang Province to discuss NRDC’s local climate finance project proposals in which we work with several commercial banks and fintech companies on innovating loan products to the climate effects of lending activities.