On July 17, the China-EU Workshop on Scaling-up Climate Resilience Finance, co-hosted by China's Ministry of Ecology and Environment (MEE) and the EU Directorate-General of Climate Action (CLIMA), was successfully held in Beijing, with technical support provided the Institute of Finance and Sustainability (IFS). The workshop invited policymakers, regulators, financial institutions, research institutions, and other stakeholders from EU member states and China. The event focuses on advancing collaborative efforts between China and the EU in policies and actions to scale up climate investment and sustainable finance, enhancing climate resilience. 

Dr. Ma Jun, President of IFS and Chairman of the Capacity-building Alliance of Sustainable Investment (CASI), attended the event and participated as the moderator and the speaker in the panel discussion sessions. 

On sustainability standards, Dr. Ma discussed the development and use of the Common Ground Taxonomy (CGT) as a tool to facilitate cross-border green capital flow between China and Europe, and the potential for CGT to serve as a building block for taxonomies in other jurisdictions. On sustainability disclosure, he also emphasized the need to work on the interoperability of sustainability disclosure requirements across jurisdictions, including between China and the EU, to reduce the burden on corporations and financial institutions operating in multiple jurisdictions. Regarding the Chinese adoption of ISSB standards, he praised the release of the draft disclosure requirements by the Chinese Ministry of Finance and stressed the importance of establishing a clear timetable for implementation.