Taihe Institute hosted a seminar on “New Paths for China-Israel ‘Carbon Neutrality’ Cooperation” in partnership with the Jewish Agency for Israel on November 10, 2021.[1] The seminar was moderated by Mr. Ding Yifan, Senior Fellow of Taihe Institute. Experts and scholars from ESPCI Paris Tech, Jewish National Fund, Institute of Green Development Strategies of China University of Political Science and Law, Export-Import Bank of China, Shanghai Jiao Tong University, and Taihe Institute had a series of conversations on the topic and exchanged ideas on the ways in which China and Israel can boost cooperation on “carbon neutrality” in terms of law, finance, and technology. The main points of their proposals are summarized as below:
(Source: www.smartcitiesworld.net)
First, China and Israel can jointly formulate protocols and standards relevant to carbon.
In light of diverse views concerning the reality of climate change in the international arena, China and Israel should strive to promote the adoption of rules and procedures to guide all parties at the bilateral, regional, and multilateral levels. In this way, the two countries can strengthen cooperation and coordination to achieve the global goal of “carbon neutrality.” China and Israel should strive to design rubrics with which to evaluate the level of carbon emission and incentivize corporates to enhance their “carbon competitiveness” and further reform measures on enterprise competitiveness.
Second, China and Israel can jointly build and promote the green financial market.
Countries have adopted different standards on ESG and financing. China and Israel must work together to build a green financial market and improve ESG criteria and carbon emission trading. To this end, the two countries should also provide financial and technological support, which will guide investment to relevant corporates or industries more accurately.
Third, China and Israel can pursue in-depth cooperation in the field of green technologies.
The two countries can pursue cooperation in key areas, including green energy technological innovation and equipment upgrading, the reengineering of the industrial chain, international cooperation, connectivity and infrastructure construction, and biodiversity protection. In this effort, China and Israel need to strengthen policy communication and continue to expand and deepen bilateral cooperation, strengthen technological innovation to effectively promote the deep integration of low-carbon and digitalization in the energy sector, strengthen professional training, and improve capacity building and technical assistance.
(Source: www.un-page.org)
Experts in the Israeli side commented that Israel, as a signatory to the Paris Agreement and a rising leader in technological innovation, has significant advantages in modern agriculture, water use, renewable energy, and carbon capture. They hope their cooperation with Taihe Institute can expand space for conversations and dialogues between the two countries and contribute to bringing long-term benefits for the welfare of two countries’ peoples.
With the establishment of the innovative and comprehensive partnership between China and Israel in 2017, the relationship between the two countries marked a new milestone. China and Israel have maintained close interactions at all levels and sustained their cooperation. Taihe Institute will continue working with its Israeli counterpart in exploring new cooperation in “carbon neutrality,” which will undoubtedly contribute to further enhancing China-Israel partnership for development.
[1] Established in 1922, the Jewish Agency for Israel is an international organization committed to facilitating the migration of Jews into their historical motherland.
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