Shifting our diet towards alternative meat tackles the main source of biodiversity loss and is the most direct solution. China, as a massive meat consumer, can play a vital role in making plant-based alternatives mainstream.
Funding for UN SDGs are short of US$2.5 trillion every year despite global green investments topping US$30 trillion. More clarity is needed on what counts as ‘sustainable investment’ as well as greater transparency on the activities of financial institutions.
The EU’s consultative approach helps its standards to be widely adopted voluntarily, while China’s top-down approach allows policy experimentation. If both sides can coordinate their work, they can complement each other and drive green finance across the globe.
Growth in China’s green financing, even for its much-touted green bonds, appears to be stalling, as environmental priorities take a back seat in a year when the economy has struggled to recover from Covid-19.