With US climate envoy John Kerry recently rounding up his visit to China, experts from the two countries have gathered online Thursday to discuss ways to boost cooperation. At the top of their agenda, Climate finance. Lu Sirui reports.

The dialogue between Chinese and US experts on climate and energy, held online Thursday, focused on climate-related financial disclosures, trade and carbon markets.

Experts say information disclosures are key to climate financing, a form of investment in renewable energy, infrastructure and other adaptations needed to fight climate change.

The two sides exchanged views on how both countries currently enforce environmental information disclosures, and what improvements can be made.

JOHN MORTON, Managing Director of Global Advisory, Pollination Group "The announcement just several weeks ago with the IFRS and the ISSB, provides us with the roadmap of how we might move forward."

LI WEI, Director, State Environmental Protection Engineering Center for Industrial Pollution Supervising "If we want to cooperate in information disclosures, I recommend working together on technology platforms. The Internet of Things, blockchain and AI can ensure the authenticity of the data. If the US side is interested, we can have a technical exchange on this."

The dialogue also focused on trade and carbon markets in both China and the US. The advantages of carbon trading and carbon tariffs were analyzed during the session, as well as how to respond to new EU regulations through its Carbon Border Adjustment Mechanism.

ANTHONY YUAN, Managing Director, Citi Research "There are two level of cooperation we can think of. One is technical assessment. Join each others‘ expertise and getting this done could really help the market to develop and thrive."

WANG YIMING, Vice Chairman, China Center for International Economic Exchanges "The EU‘s CBAM will increase the difficulty of exporting products from China and developing countries, and in practice it may also evolve into a green trade barrier. This will disturb the free trade system more, which is not conducive to cooperation among countries to address climate change."

LU SIRUI, Beijing "The event runs until July 21. A consensus document is expected to be produced focusing on climate finance cooperation between the two countries. Lu sirui, CGTN, Beijing."

内容源自：CGTN

https://news.cgtn.com/news/2023-07-20/VHJhbnNjcmlwdDczNjIy/index.html