GLOBALink | China plays key role in race to net zero -- Swiss climate-tech firm CFO - Xinhua
GLOBALink | China plays key role in race to net zero -- Swiss climate-tech firm CFO-Xinhua
Switzerland-based carbon removal start-up Climeworks said that China plays a key role in the race to net zero and the firm plans to expand its business there.
Speaking exclusively to Xinhua on the sidelines of the St. Gallen Symposium, Climeworks Chief Financial Officer (CFO) Andreas Aepli said, "China is still growing really fast. There are a lot of scale-up plans, and that means an increasing energy need."
Produced by Xinhua Global Service ■
Related Knowledge Center: Climate diplomacy
Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29