WEF Report: China’s 2060 Carbon Neutrality Goal to Cost $20.7T

(Source: Xinhua)

The World Economic Forum and Oliver Wyman, an American management consulting firm, jointly released a report on July 21 entitled “China’s Climate Challenge: Financing the Transition to Net Zero.”

The report claims that the estimated total green financing required in China from 2020 to 2060 to achieve its carbon neutrality target is about …