China’s green transition key economic driver, says World Bank

Though China’s green transition will not be easy, it offers plenty of opportunities and could be a significant economic growth driver, Ibrahim Chowdhury, World Bank’s acting lead economist for China, said at the CEO: Growing with China event.

China’s targets to peak carbon emissions by 2030 and achieve carbon neutrality by 2060 are well aligned with its high-quality development goals, spawning ample opportunities in areas such as low-carbon technologies, electric vehicle supply chains, renewables and green services, Chowdhury said.