On 14 December 2023, the 2023 Climate Fintech Annual Summit, hosted by New Energy Nexus (NEX) China together with the Yangtze River Delta Oasis Intelligence Valley Zhaoxiang Park, was held in Qingpu District, Shanghai. WeCarbon founders Remoca Shi and Eric Ma and Project Manager Mingjiang Dai were invited to attend.
Figure 1: At the 2023 Climate Fintech Annual Summit
Under the theme "Tech for Green Finance, Shared Success for the Future", the summit featured keynote speeches, company showcases and roundtable discussions, giving participants an in-depth look at recent developments and trends in climate fintech in China. Twenty guests from accelerator companies, investment institutions, financial institutions, large corporates and the wider innovation ecosystem, including CIB Fintech, Bank of Jiangsu, WeCarbon and Impact Hub Shanghai, discussed the future opportunities of climate fintech from the perspectives of both companies and investors.
Figure 2: Group photo of guests at the 2023 Climate Fintech Annual Summit
Before the summit, WeCarbon founder Eric Ma gave an interview to the NEX organising committee, reviewing WeCarbon's progress over the past year and sharing his valuable experience as a member company of the NEX climate tech accelerator. He said he looked forward to working with the NEX platform and more industry partners to advance climate fintech in China.
In the company showcase, Eric Ma gave an in-depth introduction to WeCarbon's core products and technical strengths. As a signatory service provider of the UN-supported Principles for Responsible Investment (PRI) and a company on a national ministry's whitelist of carbon neutrality service providers, WeCarbon builds on its in-house WeCarbon Cloud carbon neutrality management platform and its supporting AI core products. It addresses clients' two main pain points in sustainability and ESG, "disclosure compliance" and "value creation", by tackling the root problem of "carbon data trust". WeCarbon aims to become the central brain for sustainability and ESG work in key industries, providing end-to-end management across five application scenarios: disclosure compliance and green certification, green finance, carbon and energy management, carbon assets and trading, and ESG management.
Figure 3: WeCarbon founder Eric Ma presents the company
The summit also held a COP28 UN Climate Change Conference debrief session, at which Eric Ma gave a talk titled "Frontier Technology Enabling Green Value, Advancing China's Climate Action and Youth Development". He shared what WeCarbon's founders learned from attending and taking an active part in the COP28 series of events on behalf of the NEX COP28 Climate Tech Accelerator, Shanghai Climate Week and its Youth Council, and discussed the current state of green, low-carbon markets in the Middle East.
Figure 4: WeCarbon founder Eric Ma shares his COP28 experience
As global climate action accelerates, climate fintech innovation has become key to helping companies decarbonise. Going forward, WeCarbon will continue to integrate climate, finance and digital technology and put them into practice, using advanced technology to support green finance, help companies with their green, low-carbon transition and make the voice of China's young people heard in climate fintech.