State Grid Corp of China started construction of two ultrahigh voltage power transmission projects on Mar.24 to further facilitate the country's ongoing green energy transition.

China Development Bank, one of the country's primary policy banks, has stepped up its loan issuance to help promote carbon sink capacity in the forestry sector amid the country's push for green development.

More efforts should be made to establish green and low-carbon data centers with higher computing efficiency and less power consumption, a move which industry insiders said aligns with China's pledge to peak the country's carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

China's outstanding green loans in yuan and foreign currencies hit 15.9 trillion yuan (about $2.5 trillion) by the end of 2021, the largest in the world and jumping 33 percent from the previous year, according to the People's Bank of China (PBOC).

China is taking solid steps to foster a green, low-carbon path of high-quality development, as it aims to meet its ambitious goals of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, political advisers said on Mar.10.

China is ready to make a greater contribution to the global response to climate change. As such, the country is taking concrete steps to foster green, low-carbon, high-quality development as it embarks on a path toward carbon peak and neutrality, experts said.

Green and sustainable finance, and environmental, social and governance (ESG) have been top of mind for many financial institutions in Hong Kong and this will remain the case in 2022.

China plans to build a preliminary "safe, smart, efficient and green" air logistics system by 2025, according to a special plan on the development of aviation logistics.

New measures in pipeline to boost nonfossil energy's role in promoting green transition

As more financial tools will be adopted to promote the construction of urban environmental infrastructure, more investment is projected to come to this sector, further facilitating China's green development, industry experts said.

China's green bond market is likely to expand in 2022 and for years to come as the country is spurring investment into its pursuit of peaking carbon emissions and reaching carbon neutrality, analysts and industry insiders say.

China's green finance saw robust expansion last year, a central bank report showed, adding to the evidence of the country's continuous efforts to pursue low-carbon growth.