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China needs $17 trillion to meet climate goals

World Bank China Climate Change

Unabated climate change could cut China's output by as much as 2.3 percent as early as 2030 [File: Alex Plavevski/EPA]

China needs up to $17 trillion in additional investments for green infrastructure and technology in the power and transport sectors to meet its goal of net-zero emissions by 2060, a World Bank report has found.

The world’s second-largest economy would need private investment to cover the immense price tag and unleash needed innovations, according to the report, which was released on Wednesday.

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