Climate change is an existential threat to the United States and China. The two countries have a long history of working together to address this threat. Against this background, the National Committee on U.S.-China Relations (NCUSCR); the Center on Global Energy Policy, Columbia University (CGEP); the Institute of Energy, Environment and Economy, Tsinghua University (3E); and the Beijing Green Finance Association (BGFA) have organized a Track II Dialogue on Climate Finance. This track II dialogue examines the status of climate finance in the United States and China, climate-related financial disclosures, and the potential for Sino-American collaboration on climate change projects in third countries, among other topics.

On September 27 and 29, 2022, we held our second round of meetings, with candid and constructive discussions among participants from the United States and China. The  following summarizes points of agreement that emerged during the meetings.

      1. Dialogue between the U.S. and Chinese experts on climate change has contributed to climate change          

           solutions in the past and can do so again.

      2. Climate change finance is an especially promising area for cooperation between the United States and

          China, which co-chair the G20 Sustainable Finance Working Group.

      3. Climate-related financial disclosures are important for risk management.This is a rapidly changing field in     

           both countries. U.S. and Chinese experts can learn from each other from continued dialogue on this

           dynamic topic.

      4. Further dialogue on the physical risks and transitions risks related toclimate change could be especially


      5. U.S. and Chinese stakeholders could explore ways to promote bankableprojects in third countries that

           would contribute to climate change mitigation and adaptation.

      6. Continued exchanges on carbon pricing could enhance the success of such programs in both countries.

      7. As solar and wind power grow rapidly in both countries, continued dialogue on policies to promote high

           levels of renewable power generation would beespecially valuable.

The group reaffirmed their commitment to the Paris Climate Agreement and its goals. The participants look forward to their next chance to meet, virtually or in person.

Dialogue Leaders

Stephen Orlins           President, National Committee on U.S.-China Relations


David Sandalow         Inaugural Fellow, Center on Global Energy Policy, Columbia University


ZHANG Xiliang           Professor and Director, Institute of Energy, Environment and Economy, Tsinghua University


MA Jun                        President, Beijing Green Finance Association (BGFA); Chairman, Green Finance Committee, China    

                                     Society for Finance and Banking;Founder and President, Institute of Finance and Sustainability


Dialogue Participants
American Participants:

Sarah Bloom Raskin        Distinguished Professor of the Practice, Duke University School of Law; Partner, Kaya

                                          Advisory; Former Deputy Secretary, U.S. Department of the Treasury

Michael Eckhart               Adjunct Professor, Columbia University School of International and Public Affairs (SIPA);

                                          Former Managing Director and Global Head, Environmental Finance, Citigroup

Dan Firger                        Managing Director, Great Circle Capital Advisors
Mark Gallogly                  Co-Founder, Three Cairns Group
Deborah Lehr                   Executive Director, Paulson Institute

Joanna Lewis                    Provost Distinguished Associate Professor and Director,Science, Technology and 

                                          International Affairs (STIA),Georgetown University

Suzi Kerr                           Senior Vice President and the Chief Economist, Environmental Defense Fund (EDF)

Jonathan Pershing          Program Director of Environment, William and Flora Hewlett Foundation; Former U.S.

                                          Special Envoy for Climate Change

Eric (Ric) Redman            CEO, Sustainable Syngas LLC.

Mary Schapiro                 Vice Chair for Public Policy, Special Advisor to the Founder and Chairman,

                                          Bloomberg L.P.; Former Chair, U.S. Securities and Exchange Commission

Kelly Sims Gallagher       Academic Dean and Professor of Energy and Environmental Policy, The Fletcher School 

                                          at Tufts University

Todd Stern                       Nonresident Senior Fellow, The Brookings Institution; Former U.S. Special Envoy for

                                          Climate Change

Xizhou Zhou                    Vice President and Managing Director, Global Power & Renewables, S&P Global

Chinese Participants:

DU Xiangwan                    Academician and Former Vice President, Chinese Academy of Engineering;

                                           DeputyDirector, National Energy Advisory Council; Counselor, National Committee of

                                           Experts on Climate Change

FU Chengyu                      Former Chairman, China Petrochemical Corporation (Sinopec Group);

                                           Founding Director, International Academy for Carbon Neutrality; Vice Chair,

                                           Beijing International Energy Club

GAO Jifan                          Chairman, Trina Solar; Honorary Chairman, China Photovoltaic Industry Association


HUANG Junling                Director, International Clean Energy Research Office, China Three Gorges

                                           Corporation; Deputy Director, Tsinghua-CTG Joint Center for Climate Governance and

                                           Low-Carbon Transformation

LI Wei                                Director, State Environmental Protection Engineering Center for Industrial Pollution

                                           Supervising; Chairman, Rockontrol Technology Group; Vice President, Beijing Green

                                           Finance Association

LIANG Xi                            Secretary General, Guangdong Carbon Capture, Utilization and Storage Centre (CCUS);

                                           Professor, Sustainable Transition in Construction and Infrastructure, University

                                           College London; Council Member, Beijing Green Finance Association

LIU Yanhua                        Honorary Director, National Committee of Experts on Climate Change; Former Vice

                                           Minister, Ministry of Science and Technology

MA Aimin                          Deputy Director General, National Center for Climate Change Strategy and

                                           International Cooperation (NCSC)

MA Xianfeng                    Vice President, BGFA; CEO, China Chenxin Investment Group Co., Ltd; Former Vice

                                          President, China Institute of Finance and Capital Markets (CIFCM)

MEI Dewen                       General Manager, China Beijing Green Exchange; Secretary General, BGFA

SUN Guangbin                 Senior Vice President, JA Solar

SHEN Zhongmin              Vice Chairman and Chief Strategy Officer, Mingyang Smart Energy Group

WANG Can                       Professor, School of Environment; Vice Dean, Institute for Sustainable Development

                                          and Chairman, Department ofEnvironmental Planning and Management, Tsinghua


WANG Naixiang              Chairman, China Beijing Green Exchange (CBGEX)

WANG Zhixuan                Vice President, the Experts Committee of China Electricity Council; Member, National 

                                          Committee of Experts on ClimateChange

XU Lin                               Director General, BGFA; Chairman, U.S.-China Green Fund; Former Director

                                          General,Development Planning Department and Financial Development

                                          Department,Fiscal and Financial Affairs Department, National Development and

                                          Reform Commission (NDRC)

ZHANG Jianyu                 Executive President, BRI Green Development Institute
ZHANG Lei                       Founder and CEO, Cheche Technology

ZHANG Xin                      Chief Economist, National Center for Climate Change Strategy and International

                                          Cooperation Center (NCSC)

ZHAO Hualin                   Former Chairman, the Board of Supervisors of State-Owned Assets Supervision and

                                         Administration Commission of the State Council; Former Director General, Department

                                         of Pollution Gross Control, Department of Pollution Prevention and Control and

                                         Department of Planning and Finance, Ministry of Ecology and Environment

ZHAO Xiaolu                   Climate Director, Environmental Defense Fund (EDF) China
ZHOU Zhixing                 Chair, The U.S.-China New Perspectives Foundation