The low-carbon transformation of China’s urban areas is a crucial action towards meeting the Paris Agreement’s temperature goal. In this policy insight, Jasmine Tillu presents the economic case for this transformation. There is a strong economic case for transforming the development trajectory of China’s cities.

For China to meet its climate goals under the Paris Agreement and its 2060 carbon neutrality target, it is estimated that the country needs to spend US$20 trillion over the next three decades across all sectors.