China needs up to $17 trillion in additional investments for green infrastructure and technology in the power and transport sectors to reach net-zero emissions by 2060, a new World Bank report on China's climate and development challenges found.
The report, one of a new series of Country Climate and Development Reports, said China - the world's second-largest economy - would need private investment to cover the immense price tag and unleash the needed innovations.
It would also be impossible to reach global climate goals without China transitioning to a low-carbon economy, the report said, noting that China emits 27% of global carbon dioxide and a third of the world's greenhouse gasses.
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