Yi Gang: Supporting low carbon development with green finance
Video speech by Mr Yi Gang, Governor of the People s Bank of China, at the Singapore FinTech Festival (SFF) 2020, 9 December 2020. Central bank speech |
Ladies and gentlemen, dear friends,
It is my great pleasure to attend the fintech festival virtually. Environmental and climate challenges remain urgent as countries respond to COVID-19. They affect us all, and their consequences will be more lasting and far-reaching.
Recently, China has announced the aim to reach carbon emission peak by 2030, and achieve carbon neutrality by 2060. This long-term vision reflects China s commitment to green and low carbon development. It also means, to meet this climate objective, China needs to speed up its transition to low-carbon production and consumption.