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Finance is a key lever to greening the Belt and Road Initiative (BRI). In his keynote speech at the Boao Forum for Asia Annual Conference 2021, President Xi Jinping stated to strengthen cooperation on green infrastructure, green energy and green finance, and improve the BRI International Green Development Coalition (BRIGC), the Green Investment Principles for the Belt and Road (GIP), and other multilateral cooperation platforms to make green a defining feature of Belt and Road cooperation.
This short report compares these two initiatives and makes recommendations regarding their further alignment and implementation. It draws on two trainings workshops on BRI green finance, and two harmonization workshops on synergizing GDG and GIP, held over the course of 2021. These were co-hosted by BRIGC, the Beijing Institute of Finance and Sustainability, and ClientEarth with support by the Green Finance & Development Center at FISF Fudan University, as part of a project funded by UK PACT.