MNI INTERVIEW: China-US Green Finance Collaboration Continues

The People’s Bank of China and the U.S Treasury are continuing to communicate on green-finance development despite the uncertainty created amid President Donald Trump's second term, former Governor Yi Gang told MNI.

“While there have been some recent changes, opportunities for future cooperation [between the two countries on green finance] will certainly remain,” he said, speaking on the sidelines of the Boao Forum for Asia Annual Conference 2025 on Friday.

The PBOC and the U.S. Treasury co-chair the G20 Sustainable Finance Working Group, which continued to work on relevant topics, Yi noted.

China had made progress in working with EU counterparts to establish common standards for the green transition, Yi said in his speech, noting the PBOC had introduced two relending facilities to support green finance, benefiting both domestic and several foreign banks operating in China. The central bank remains committed to advancing the country’s climate goals, such as peaking carbon emissions by 2030 and achieving carbon neutrality by 2060 – a pledge made by President Xi Jinping in 2020, he continued.