The “2024 ESG Global Leaders Conference” was held in Shanghai from October 16 to 18. International Monetary Fund Managing Director Georgieva gave a speech. Georgieva said that if the goal of “keeping global warming within 2 degrees Celsius” is achieved, global greenhouse gas emissions will need to be reduced by 50% by 2030. Unfortunately, the promises that have been made so far will only reduce global emissions by 12%. Therefore, she called for higher emission reduction targets for 2030 and ensure that the world has the necessary mechanisms to continuously and drastically cut emissions — by more than 7% per year over the next ten years. She also said that China has always been firmly committed to achieving its climate goals. China has made rapid progress in achieving these goals, and this has been driven by sound policies, including carbon emissions trading mechanisms and emission quota auctions. These policies can make it less difficult to meet climate goals, and at the same time increase revenue to meet climate goals. “I would also like to acknowledge China's role in international cooperation. The IMF is keen to work with all of our member states to support the establishment of a global carbon price floor, which will enable countries to join forces to encourage decarbonization. We welcome cooperation with our Chinese colleagues in this regard.”

The “2024 ESG Global Leaders Conference” was held in Shanghai from October 16 to 18. International Monetary Fund Managing Director Georgieva gave a speech. Georgieva said that if the goal of “keeping global warming within 2 degrees Celsius” is achieved, global greenhouse gas emissions will need to be reduced by 50% by 2030. Unfortunately, the promises that have been made so far will only reduce global emissions by 12%. Therefore, she called for higher emission reduction targets for 2030 and ensure that the world has the necessary mechanisms to continuously and drastically cut emissions — by more than 7% per year over the next ten years. She also said that China has always been firmly committed to achieving its climate goals. China has made rapid progress in achieving these goals, and this has been driven by sound policies, including carbon emissions trading mechanisms and emission quota auctions. These policies can make it less difficult to meet climate goals, and at the same time increase revenue to meet climate goals. “I would also like to acknowledge China's role in international cooperation. The IMF is keen to work with all of our member states to support the establishment of a global carbon price floor, which will enable countries to join forces to encourage decarbonization. We welcome cooperation with our Chinese colleagues in this regard.”