This report provides an overview of the potential for climate finance, green finance and innovative finance to accelerate China’s decarbonization and support its transition to a green economy. As one of the first countries to emerge from the COVID-19 pandemic lockdown and start on a path towards recovery, coupled with the 14th Five-Year Plan to be released in March 2021, China faces a historic opportunity to outline a path for sustainable growth that also highlights the role of innovative green and climate finance.