Dr. Ma Jun wears many hats. The former PBOC Chief Economist is now the President of Institute of Finance and Sustainability in Beijing, Chairman of China Green Finance Committee, Special Advisor to PBOC Governor, Co-Chair of G20 Sustainable Finance Working Group, and Co-Chair of Steering Committee of Green Investment Principles for the Belt & Road. He begins with a startling figure: by his estimates, China would need to invest resources amounting to 10% of GDP every year for the next four decades to achieve the 2060 net zero target. The green financing requirements, economic restructuring imperative, along with systems of emission trading, risk assessment, and governance standards needed would be profoundly transformative for the Chinese economy, and by extension, for the world. Jun highlights key initiatives in place, areas where China is working together with the US, Asian economies, as well as multilaterally, and expresses his optimism that tangible progress lies ahead. 

<blockquote>Dr. Ma Jun wears many hats. The former PBOC Chief Economist is now the&nbsp;President of Institute of Finance and Sustainability in Beijing, Chairman of China Green Finance Committee, Special Advisor to PBOC Governor, Co-Chair of G20 Sustainable Finance Working Group, and&nbsp;Co-Chair of Steering Committee of Green Investment Principles for the Belt &amp; Road. He begins with a startling figure: by his estimates, China would need to invest resources&nbsp;amounting to 10% of GDP every year for the next four decades to achieve the 2060 net zero target. The green financing requirements, economic restructuring imperative, along with systems of emission trading, risk assessment, and governance standards needed would be profoundly transformative for the Chinese economy, and by extension, for the world. Jun highlights key initiatives in place, areas where&nbsp;China is working together with the US, Asian economies, as well as multilaterally, and expresses his optimism that&nbsp;tangible progress lies ahead.&nbsp;</blockquote>

Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.

<p>Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.</p>

Kopi Time podcast with Taimur Baig

DBS Economics & Strategy

Kopi Time E061: Dr. Ma Jun on China’s climate change agenda

https://api.omny.fm/orgs/f6ad7490-363d-4f1f-8948-abf300412a6f/clips/350d8b92-4cac-4773-b150-ad95006dd476/transcript