Climate Finance in China, a debate session developed in collaboration with Caixin Media, took place Wednesday at the World Economic Forum’s Annual Meeting of the New Champions in Tianjin. Photo: Zhang Ruixue/Caixin

Li Xin, vice president of Caixin Media and managing editor of Caixin Global hosts the session. Photo: Zhang Ruixue/Caixin

Fred Hu, founder and chairman of Primavera Capital, describes the current state of green financing, both in the China and globally. Photo: Zhang Ruixue/Caixin

Anju Abrol, head of Wholesale Banking APAC at ING introduces the bank’s goal to mobilize $120 billion a year in green financing by 2025. Photo: Zhang Ruixue/Caixin

Naoko Ishii, director of the Center for Global Commons at The University of Tokyo, explains why reforming the international finance system is crucial to reaching net-zero emissions. Photo: Zhang Ruixue/Caixin

Deng Jianling, board member and president of China Huaneng Group, discusses the power generation giant’s climate-related investment and financing plans. Photo: Zhang Ruixue/Caixin

Deng and Hu listen to Abrol speak. Photo: Zhang Ruixue/Caixin

Panelists round up the one-hour session using the words “cooperation,” “urgency” and “innovation” to describe the most critical elements of climate financing. Photo: Zhang Ruixue/Caixin

Audience members watch the debate. Photo: Zhang Ruixue/Caixin