Climate change: Greater Bay Area can help spur China’s green-energy transition using technology and finance prowess
- The region is well positioned to play a crucial role in China’s green transition, according to speakers at TusPark’s 2022 GBA Summit
- Green finance, voluntary carbon markets and digitalisation of the energy grid are among the areas where the GBA can play a crucial role
The Greater Bay Area (GBA) is well positioned to help spur China’s green transitions in both finance and industrial development, according to international speakers at a GBA summit on Monday.
“The most effective way [to combat carbon emissions] is to promote digital development of core industries linked to climate change,” said Dr Roy Xiang Luo, chairman of the Steering Committee of ESG & Carbon Neutral Investments of the United Nations Industrial Development Organization’s Global Innovation Network.
“The Greater Bay Area is the most developed and integrated region for China’s digital and [information technology] industries”, which will accelerate the development of the green energy sector and help China overhaul its existing electricity supply infrastructure, he said.
