News summary
Asia is accelerating the installation of solar and wind energy, strengthening carbon markets, and improving energy efficiency. Zhou Xiaochuan called for cooperation to move towards a net-zero future.
Newsletter text
Asia accelerates green energy transformation, and Zhou Xiaochuan, Vice Chairman of the Boao Forum, calls for strengthening carbon market construction
At the 29th Nikkei Forum held in Tokyo, Zhou Xiaochuan, vice chairman of the Boao Forum for Asia and former governor of the People's Bank of China, raised the urgency of green transformation in Asia.shiningkingfreeslotHe emphasized that in order to promote the net-zero emission goal, the Asian region must accelerate the deployment of solar and wind energy and promote the research and application of related technologies.
Zhou Xiaochuan also pointed out that in order to better respond to climate change, Asia must strengthen the standards, measurement, accounting and information disclosure mechanisms of the carbon market, while promoting interconnection between markets. He advocates the development of non-fossil fuel energy to improve energy efficiency and reduce related costs.
On the topic of Asian countries 'cooperation towards a net-zero future, Zhou Xiaochuan raised the need to jointly strengthen financing for climate and energy transformation. He also emphasized the importance of establishing a decarbonization incentive mechanism based on carbon pricing.