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Greening The Belt and Road: UK-China Dialogue

Crown Plaza, Beijing Sun Palace, Central Beijing | 14 December 2017

The successful implementation of the Paris Climate Change Agreement and the Sustainable Development Goals will be impossible if the huge amount of capital invested under the Belt and Road Initiative (‘BRI’) is inconsistent with climate change and sustainable development. ‘Greening’ BRI is therefore a priority of global significance.

Greening BRI requires actors to understand the i) impacts that current and planned BRI projects could have on the local and global environment, as well as on sustainable development and ii) the stranded asset risks current and planned BRI projects face from different physical and transition risks related to environmental change, particularly climate change.

This UK-China dialogue explored the information and analysis required to green BRI and to successfully inform decision-making by governments, private and public financial institutions, financial regulators, companies, and civil society. The event coincided with the annual UK-China Economic and Financial Dialogue.

The event also briefed participants on a new Greening BRI Data and Analysis Platform being created by the Oxford Sustainable Finance Programme at the University of Oxford, with the support of Energy Foundation China, the Children’s Investment Fund Foundation, Growald Family Fund, and others.

 

Agenda:

1430 – 1500: Registration

1500 – 1510: Opening remarks

1510 – 1530: Greening BRI Data and Analysis Platform
Ben Caldecott, Founding Director, Oxford Sustainable Finance Programme, University of Oxford

1530 – 1545: Environmental stress testing
Yin Hong, Deputy Director, Urban Finance Research Institute, ICBC

1545-1630: Panel Discussion on Greening BRI, moderated by Liu Shuang, Energy Foundation China
Yin Hong, Deputy Director, Urban Finance Research Institute, ICBC
Professor Wang Yao, Director General, International Institute of Green Finance, Central University of Finance and Economics
Ma Li, Strategy Director, State Grid Energy
Michael Sheren, Senior Advisor, Bank of England and Co-Chair, G20 Green Finance Study Group Sherry Madera, Special Advisor for Asia, City of London
Cai Yu, Deputy Secretary-General, Insurance Society of China

1630 – 1700: Questions

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