Chinese-Russian cooperation in green finance and sustainable development

Against the backdrop of intensifying global climate change and the growing demand for a low-carbon transition, green finance has become a new driver of international economic and trade cooperation. As comprehensive strategic partners, China and Russia, building on their traditional cooperation in energy, trade, and infrastructure, are actively exploring new models of cooperation in green finance. Furthermore, Russia’s “pivot to the East” strategy is strategically aligned with China’s goal of achieving “double carbon neutrality,” opening up significant potential for cooperation in areas such as renewable energy, energy efficiency, and carbon markets. Despite significant progress in green finance, particularly in renewable energy development and energy efficiency, the two sides face challenges, including differences in standards, high financing costs, and barriers to data exchange. This article examines the strategic background, practical motivations, and theoretical value of Sino-Russian cooperation in green finance, drawing on literature and data analysis to support its arguments. The study provides guidance for deepening cooperation between the two countries in the field of green finance, contributes to the achievement of “double carbon neutrality” goals, and proposes a model for sustainable cooperation for emerging economies.

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