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CDF 2021: Business leaders look to green transformation of economic development
CGTN
A view of solar panels at a village in Huaian City, east China's Jiangsu Province, September 11, 2018. /CFP

A view of solar panels at a village in Huaian City, east China's Jiangsu Province, September 11, 2018. /CFP

International cooperation and positive actions are advocated by financial leaders to help realize a green transformation of economic and social development at a session during the China Development Forum held in Beijing on Sunday.

"Tackling climate change is not only a common challenge for us, but also needs more international cooperation to deal with," said Jin Liqun, president of Asian Infrastructure Investment Bank (AIIB). "We are ready to support China and the other member countries in their efforts to realizing zero emissions."

Speaking on the environmentally sustainable development of the manufacturing industry outlined in China's 14th Five-Year Plan, Jin said AIIB will enhance its investment on new technology-driven infrastructure to improve the interconnection between different regions.

Besides stressing the role of multilateral mechanisms including G20, Jin said AIIB is committed to cooperating with China and the rest of the member countries to realize a sustainable development.

"In our latest strategy, we aim to increase the financing on climate to around half of the bank's approved investment," Jin said.

Michelin Group's CEO Florent Menegaux finds China's zero emissions goal gives multinational corporations a chance to act on green development in the world's biggest developing country.

"We must act together and mobilize our collective intelligence," said Menegaux, adding that multinational corporations with talents and R&D capabilities can play a key role in China's low-carbon development.

Menegaux said the company will gradually cut its carbon dioxide emissions and let the volume in 2030 be half of the volume in 2021.

Currently, it's registering an entity to develop ultra-performant hydrogen fuel cells to boost zero-emission mobility in China.

With China aiming to achieve carbon neutrality before 2060, Total's CEO Patrick Pouyanne said Total needs to enhance its capability of producing non-fossil fuel.

"I think China's 14th Five-Year Plan provides a good opportunity for us. We can enhance our development on wind energy and solar energy," said Pouyanne, adding that the company can play an important role in the renewable energy industry's development.

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