Justin Yifu Lin, dean of Peking University’s Institute of New Structural Economics

Climate change is one of the biggest areas for international cooperation, Lin said, adding no one can escape climate change and it is a shared global responsibility.

He also pointed out it is important to realize developing countries also need to develop, and enough technological innovation should be made in the process of industrialization to reduce the cost of green technologies and produce affordable renewable energy.

Countries need to shoulder common but differentiated responsibilities when it comes to climate change, Lin said, by stressing the need for developed countries to shoulder more responsibility, especially by providing technology and funding to support developing countries.

He pointed out greening of economies and development can be achieved at the same time, and China can both fulfill its commitments and provide other countries with affordable renewable energy technology to propel the world through a green transition.