1、Prepared by Macro and Green Finance Lab,National School of Development at Peking University;Climate Bonds Initiative;and United Nations Development Programme(UNDP)Financing the climate transition in Chinas agri-food systems:toward net zero,resilience and justiceFinancing the climate transition in Ch

2、inas agri-food systems 2Dr MA Jun Director,Macro and Green Finance Lab,National School of Development,Peking UniversityPresident,Institute of Finance and SustainabilityChairman,Green Finance Committee,China Society for Finance and BankingThe climate transition of our agri-food system is of paramount

3、 importance for the sustainable development of China.As a developing country with a population of over 1.4 billion people,China attaches great importance to food security and sustainable agricultural development.However,the practices of many firms and small farmers in the agri-food sector in China h

4、ave yet to fully align with the decarbonisation and climate-resilient goals.Meanwhile,due to the large number of smallholders in Chinas agri-food sector and their relatively high climate-related exposure and vulnerability,it is critical to ensure this climate transition is just and inclusive.Finance

5、 can play a pivotal role in promoting a just and inclusive climate transition.With Chinas ongoing efforts to develop transition finance in accordance with the G20 Transition Finance Framework,and the inclusion of agriculture as one of the focal sectors,agri-food corporates and financial institutions

6、 will be provided with clearer standards and guidance to operate climate mitigation and adaptation projects.We also expect financial and fiscal incentive policies to catalyse more private capital into agri-food climate transition activities,by reducing related costs and risks.We believe that just tr