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D. Meng
a pool of advanced green technologies that promote sustainable development by
saving energy, maintaining a sound environment, and ensuring security, efficiency
and health. It advocates a better integration of technologies and finance, capitalization
of technological achievements, and acceleration of technology transfer and industrial application. The platform facilitates both sustainable development of China and
South-South cooperation in the field of green technology. Committing to primary
innovation in the field of green technology and industrial innovation, application and
international transfer of green technologies, the GTB is a major measure for building
a technology and innovation hub with global influence, and an important strategy for
China to contribute to the global narrative.
4 For a Global Ecological Civilization, It Is Imperative
to Promote Innovation in Green Finance
Green finance has injected new momentum to our ecological endeavors. Over the
years, we have been looking for standard practices and a sound organizational structure for green finance, and making efforts in regard to related goods and services,
supporting systems and risk prevention. China issued guiding opinions on green
finance and the Environmental Risk Management Initiative for China’s Overseas
Investment. It launched green finance pilot programs, and established a financial
system for building an ecological civilization. We will focus on green assets as
securities, develop market channels for green credits and green trading; promote
the development of green PE and VR, and use technologies to reduce the cost of
green products; and promote innovation in green finance, focusing on using fintech
to reduce costs of financial assets accreditation and assessment, etc.
5 For a Global Ecological Civilization, It Is Imperative
to Develop Market-Oriented Ecological Industries
with Enterprises as the Main Players
To build an economic system aimed at integrating industries and ecosystems, we must
allow the market, in which enterprises are leading players, to play a decisive role in
resource allocation. Integration of industries and ecosystems is a trend in industrial
development and many enterprises have made active efforts in this regard. We have
been exploring practices for integration of ecological conservation and industrial
development by developing eco-friendly products and services and combining the
efforts in this regard with poverty alleviation, rural vitalization and sharing economy,
etc. Liabilities accounting relating to natural resource assets remains a challenge
across the world. In this regard, Chinese government and enterprises have moved one
step ahead and started natural resources balance sheet compiling pilot. In accordance
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