“A Future Powered by Renewable Energy" Side Event

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In order to promote renewable energy transition of enterprises, and to accelerate low carbon technology innovation, World Wide Fund for Nature (WWF), Chinese Renewable Energy Industries Association (CREIA), US China Energy Cooperation Program (ECP), and Swedish Energy Agency co-organized a side event on ‘A Future Powered by Renewable Energy--Action and Innovation’ on June 7th, 2017. More than 150 representatives and scholars from governments, enterprises, research institutions, financial institutions and NGOs attended the event.

The side event includes 2 sections, focusing on: 1) clean energy transition of enterprises, through distributed renewable energy application and green finance; 2) disruptive climate innovations for energy transition. Dr. Bai Bo, CEO of the U.S.-China Green Fund and Co-Chair of the ECP Green Financing Working Group, chaired the discussion of experience and innovation in renewable energy investment financing. Participants and business representatives shared their experiences and expressed their expectations on the future of renewable energy.

National and local governments have given strong support for distributed renewable energy. Five disruptive climate innovations will be recognized to bridge the gap between innovative technology demonstration and deployment. This event motivated the private sector to take actions on renewable energy application and to realize their green energy transition, as well as to develop and deploy innovative technologies and solutions. "Renewable energy replaces fossil fuels is the key to China 's low - carbon transformation and global response to climate change," said WWF China' s Director - General Lu Si Cheng, who expects to achieve 100% renewable energy worldwide by 2050. At the meeting, the 2016-2017 WWF Climate Trader Award-winning Technology Awards were held successfully.