On June 14, CICC Global Institute (CGI), the BRI International Green Development Coalition (BRIGC) and the Energy Foundation China cohosted online the 2022 Annual General Meeting Open Forum of China Council for International Cooperation on Environment and Development (CCICED). The theme of the forum is “Building a Green BRI Together to Boost Global Green and Low-Carbon Transition”. The Forum’s almost 200 participants include representatives from government departments of Belt and Road Initiative (BRI) participating countries, international organizations, domestic and overseas research institutions, as well as non-governmental organizations.

The forum focused on two topics: “Driving BRI Low-Carbon Development with Clean Energy Innovation and Cooperation”, and “Facilitating Post-Pandemic Green Recovery with Green Finance”. On the second topic, Ms. WU Huimin, Managing Director of CGI and head of CGI BRI Research Center, provided a thorough analysis about challenges to the economic recovery of BRI participating countries in a world undergoing profound changes unseen in a century. Ms. WU highlighted the important role of green finance, such as green bonds, to assist the green recovery of BRI participating countries, and proposed strengthening cooperation in three directions: 1) Unifying green standards and improving infrastructure for green finance; 2) Improving international cooperation and the supportive role of multilateral financial institutions; 3) Developing more financial tools to mitigate risks in green investment and finance.

CGI was invited to become a member of BRIGC in 2021. CGI and BRIGC co-hosted the Belt and Road Forum on Green Finance and Low-carbon Development under the guidance of the Ministry of Ecology and Environment in May 2021. At that forum, CGI and the BRI Green Development Institute (BRIGDI) jointly launched an initiative for thinktank cooperation on green Silk Road research. CGI will continue to work closely with BRIGC and foster international communications through academic knowledge sharing, research cooperation and seminars. We are committed to serving as an advisor for the green development of China and BRI participating countries.