The Belt and Road International Green Development Coalition (BRIGC) held a thematic meeting in Beijing on October 18 to promote green finance.
The dialogue-centered event, which aimed to build a high-quality green finance system and support global sustainable development, also served as the 2025 annual meeting of the Green Investment and Financing Partnership under the BRIGC.
Officials, financiers, and experts from countries such as China, Pakistan, Brazil, and Indonesia, along with representatives from international organizations, participated in the discussions to explore more effective ways for green finance to contribute to the global low-carbon transition.
Zhao Yingmin, President of the BRIGC, stated that the annual event seeks to unite global efforts in advancing green finance and further highlight the “green” nature of the Belt and Road Initiative. He emphasized that finance can act as a key driver of sustainable global prosperity—especially for countries in the Global South—by providing more financial solutions for green development.
In recent years, the growing frequency of extreme climate events has posed serious challenges to the social and economic development of countries worldwide.
Against this backdrop, an official from Pakistan’s Ministry of Climate Change and Environmental Coordination shared the country’s efforts to establish a national green finance system and improve classification standards to enhance resilience to climate risks. He also expressed hopes for closer policy coordination and project cooperation with China under the BRIGC and the Green Investment and Financing Partnership frameworks.
According to Zhao, the BRIGC is currently setting up a supervisory committee for the Green Investment and Financing Partnership to strengthen policy design, coordination, and institutional support for green finance cooperation under the Belt and Road Initiative.
Yu Jian, Deputy Director-General of the Credit Market Department at the People’s Bank of China, elaborated on China’s green finance system, outlining five key pillars: a robust top-level design, gradually refined standards, a globally leading market scale, increasingly effective incentive and discipline mechanisms, and deeper international cooperation—all playing critical roles in advancing green finance among Belt and Road partner countries.
Zhang Huaping, Deputy Director-General of the Department of General Affairs at the Ministry of Ecology and Environment of China, called for accelerated development of green finance cooperation mechanisms and deeper international collaboration in this field.
He underlined that more effort is needed to promote systematic and institutionalized cooperation in Belt and Road green finance and to explore the creation of green finance evaluation tools and risk-sharing mechanisms that can attract greater participation from public funds, development finance, and private capital in Belt and Road green projects.