In 2025, heightened uncertainties in the global geopolitical and economic landscape led to further divergence in the growth of world trade and investment. The challenges posed by climate-related issues and emerging new technologies, such as artificial intelligence, have further increased the risks associated with a just transition. While developed markets are facing mounting pressures on economic growth, emerging markets are demonstrating greater resilience and vitality. Guided by the "dual carbon" goals, the green economy has become a new growth driver for China's economy. 2025 marks the 10th anniversary of China's introduction of the concept of green finance, coinciding with the 10th anniversary of the Paris Agreement. Achievements in energy transition have begun to fuel global growth in renewable energy adoption. Despite some developed markets experiencing "green hushing" towards sustainable investment and climate finance due to political factors, rapid progress is being made globally in advancing sustainable taxonomies and disclosure standards. In the Chinese market, the number of new sustainable investment products continues to grow, and concepts such as ESG, sustainable investment, and climate risk and opportunity management are gradually being adopted in market practices.
