COP28 Agenda

Dialogue Series: Renewable Energy Investment & Finance

When 13:15-14:45 (CN)
05:15-06:45 (UK)
(Dec 5) 21:15-22:45 (SF)
Where Energy Foundation China Pavilion, China Pavilion EXPO 2020 (Green Zone), X583+2CW Sunrise Avenue - Dubai - United Arab Emirates

Time: December 6, 2023, 09:15-10:45 (Dubai Time)


To achieve net zero emissions globally, and to ensure access to affordable and reliable energy, a transition to renewable energy is not a choice but an imperative that demands immediate attention. At the 2023 New Delhi Summit, G20 leaders agreed to pursue tripling renewable energy capacity globally by 2030. However, a significant impediment to realizing this swift energy transition is the funding gap that persists in energy infrastructure. Currently, there is a USD 2.9 trillion investment gap in the global energy sector (Global Infrastructure Outlook), most of which is distributed across emerging and developing economies whose clean energy-related spending remains stagnant at 2015 levels (World Energy Investment 2022, IEA).

China is dramatically expanding its domestic deployment of renewable energy. The total installed capacity of renewable energy in China has surpassed 1,300 GW, accounting for 48.8% of the country’s total installed capacity. Chinese solar capacity installations alone reached 78 GW in the first half of 2023, nearly three-quarters of the 106 GW capacity installed by the rest of the world combined in 2022. Meanwhile, China has also been a leading manufacturer for solar PV panels and wind turbines.

EF China launched this Dialogue Series in September 2023 on the sidelines of an international Energy Transition Forum in Suzhou, an eastern China manufacturing powerhouse city. The purpose of this series is to establish a communication and advisory platform for various stakeholders and unlock green finance for renewable energy development and deployment to achieve the net zero transition.

This new edition during COP28 will be focused on innovative solutions to finance renewable energy in China and developing countries. It will be a valuable opportunity to exchange global experiences and best practices, including from China, which is making strides towards achieving its dual carbon goals as the world’s highest clean energy investor.


Opening Remarks & Guiding Speeches

Moderator: YU Lan, Program Officer of Low Carbon Economic Growth, Energy Foundation China


Opening Remarks

  • ZOU Ji, CEO & President, Energy Foundation China


Guiding Speeches (10 mins each)

Presentation Topic: Renewable Energy Investment & Finance

  • Levin ZHU, Visiting Professor of Management Practice at Tsinghua University, Former President and CEO of China International Capital Corporation

Presentation Topic: Financial Support for Energy Transition

  • MA Jun, President of Institute of Finance and Sustainability, Chairman of Green Finance Committee of China Society for Finance and Banking

Presentation Topic: Sustainable Development of Solar PV for Rural Household Use in China

  • DU Xuan, Program Director of Low Carbon Economic Growth, Energy Foundation China

Presentation Topic: Tripling Renewables by 2030 – Financing Challenges

  • Ute Collier, Acting Director, Knowledge, Policy, and Finance Centre, IRENA

Panel Discussion

Moderator: LIU Qiang, Director, Climate and Deputy Chief Representative China, CIFF


Leading Questions:

  • What are the best practices, and suggestions of MDBs in leveraging more funds for renewable energy development in China and the Southeast Asian region?
  • From the perspective of investment entities, what opportunities & obstacles are Chinese enterprises facing when investing domestically and internationally, especially in China & Southeast Asia?
  • What is China’s successful experience, innovative business models, and best practice in financing RE development to be shared with Southeast Asian countries?
  • What are the main situations and problems faced by developing countries represented by Southeast Asian countries in the process of clean energy transition? Any solutions and suggestions?
  • How can NGOs play a synergistic role in international cooperation, policy mechanism research, industrial development planning, investment and financing, as well as business model practice and promotion of renewable energy?

Panelists (6 mins each):

  • Naeeda Morgado Hughes, Senior Infrastructure Specialist, ADB
  • WANG Xiao, Senior Partnership Officer, Operational Partnership Department, AIIB
  • JIANG Dongyu, Vice President of Distributed Business Group of LONGi
  • YANG Muyi, Associate Director of Clean Energy, ASPI
  • LI Ting, Regional Managing Director of China Program, RMI



  • YU Lan, Program Officer of Low Carbon Economic Growth, Energy Foundation China



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