On January 21, 2024, the first "Tongzhou Global Development Forum" hosted by Renmin University of China and co-organized by Renmin University of China and Tongzhou District People's Government was successfully held under the keen attention of people from all walks of life. In the second sub-forum of the forum, "Chinese-style modernization and global economic development", Dr. Luo Xiang was invited to attend and deliver an important speech, and his views provided a new perspective for global economic development and sustainable development.
罗响先生指出，中国在推动 ESG 发展进程中，以独有的范式为全球经济发展以及全球人类命运共同体建设作出了独特贡献。他介绍称，当前中国已有 1/3 上市公司公布 ESG 报告，一级和二级央企中 95% 发布 ESG 年度报告，港交所全部企业也将在今年年底发布 ESG 报告。他强调，ESG 实质上是生态责任、环境责任、社会责任与治理责任的承担，而中国在这一领域已打造出独具特色的范式。
In the Chinese scenario, rural revitalization is highly valued, and coordinated urban-rural development is also a key link. Enterprises need to deeply drive local industrialization and sustainable industrial development. These responsibilities are rarely mentioned by multinational companies and overseas companies, highlighting the uniqueness of China's ESG paradigm. Mr. Luo Xiang believes that this paradigm has brought three unique value contributions to the world as it moves towards globalization.
First, China's ESG development paradigm provides innovative solutions to the impossible triangle of macroeconomics. There is an impossible triangle in macroeconomics, that is, it is difficult to achieve growth, structural adjustment, and inflation prevention at the same time. China uses carbon neutrality to achieve structural adjustment, adopts zero-carbon technology on a large scale, and promotes the transformation of economic development to technology-intensive, which is expected to break through the impossible triangle of macroeconomics. At present, China ranks first in the world in photovoltaic module production capacity, photovoltaic installed capacity, wind turbine manufacturing, wind power installed capacity, electric vehicle production and ownership, green finance volume, carbon trading market and other aspects, laying the foundation for leading the next industrial revolution and driving the world towards the goal of sustainable economic development.
Second, China provides innovative solutions for global green transformation and responding to the climate crisis. China has implemented environmental property rights confirmation on a large scale, quantified and "three determinations" for the environment from multiple angles such as policy and rule of law, becoming the only country in the world to carry out large-scale environmental property rights confirmation, laying a solid foundation for green investment and finance. At the same time, China's zero-carbon technology continues to develop, and there are corresponding technical support in all links of the carbon neutrality roadmap. The total amount of carbon finance leads the world, covering a variety of derivatives, providing solid guarantees for global clean energy development and green transformation.
Third, China solves the problem of ESG, green transformation and digital penetration. China's ESG paradigm has unique penetration, integrating ESG with dual carbon goals to form a dual-wheel drive. For example, by cooperating with Chinese companies, combining ESG concepts with digital transformation and dual carbon goals, and providing a package of solutions, companies can not only ensure production, but also achieve transformation and carbon reduction. China's ESG development paradigm dances with the world, relying on the low-cost large-scale application of zero-carbon technology, the two-way drive of green investment and consumption, the promotion of green wealth and capital, as well as the driving forces of global green production international division of labor and international assistance, to help the common development of the world.
Mr. Luo Xiang concluded that China provides three unique values in the practice of global ESG: Chinese solutions to break the impossible triangle of macroeconomics; innovative solutions to help the development of global green industries and address climate change goals; and solutions that provide penetrating and innovative value for the global SDG sustainable development goals. This is the unique value of the Chinese paradigm in global practice.
