China remained the largest market for new renewables investments in the first half of the year. — Bloomberg
SHANGHAI: Investors are keenly awaiting more details about China’s energy-transition plans for the next decade, after President Xi Jinping announced high-level targets last week at a United Nations meeting.
While China wants to reduce net greenhouse gas emissions by 7% to 10% from a peak through 2035, further information about the timeline and implementation for various clean-tech sectors and green-financing incentives is needed, Frank Tsui, head of responsible-investment development for Asia ex-Japan at Amundi SA, said in an interview.
