Ping An CIO sees 'exponential' effects from China's net-zero investments
The insurance giant's investment chief believes a $19 trillion funding gap in China’s energy transition could be covered by policy support, technology, innovation and reduced coal consumption.
Ping An Group’s chief investment officer said he’s not worried about China’s carbon neutrality target by 2060 target despite the funding gap facing the country’s energy transition.
“It is not just about the money spent in budget, but also the technological advancements, progress in terms of cutting down coal consumption per unit of electricity generated. So there are so many moving parts in the whole system,” Ping An Group’s CIO Benjamin Deng said.
Benjamin Deng,
Ping A…
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