BAKU -- Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a speech at the World Leaders Climate Action Summit during the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change.

The following is the full text of the speech:

Remarks by H.E. Ding Xuexiang

Special Representative of President Xi Jinping,

Member of the Standing Committee of the Political Bureau of the CPC Central Committee, and

Vice Premier of the State Council of the People's Republic of China

At the World Leaders Climate Action Summit

Baku, November 12, 2024

Distinguished Colleagues,

Ladies and Gentlemen, Friends,

It gives me great pleasure to attend the World Leaders Climate Action Summit as the special representative of Chinese President Xi Jinping. First of all, I am honored to convey President Xi Jinping's best wishes to Azerbaijan for hosting this Summit. President Xi Jinping highly commends the positive efforts and contributions made under Azerbaijan's Presidency to promoting global climate governance, and wishes COP29 a full success.

It has been 30 years since the United Nations Framework Convention on Climate Change entered into force. Standing at this new starting point, we need to work together for satisfactory outcomes of COP29 to live up to the keen expectations of the international community. To this end, I would like to make three propositions.

First, the principle of common but differentiated responsibilities is the cornerstone for strengthening global climate governance. Developed countries need to increase climate ambition and action, take the lead in fulfilling emission reduction obligations, and move up the timeline for carbon neutrality. Developing countries also need to do our best within our capabilities. The Chinese side will submit its 2035 nationally determined contributions that are economy-wide and cover all greenhouse gases, and strive to achieve carbon neutrality before 2060.

Second, the complete transformation of growth models is the fundamental solution to climate change. China's high-quality production capacity, as exemplified by its manufacturing of electric vehicles, lithium batteries and photovoltaic products, provides a significant boost for the green development of the world. The international community should work together to accelerate energy transition in an equitable, orderly and just manner, keep the industrial and supply chains of new energy stable, facilitate the accessibility and innovation of green products and technologies, and foster new quality productive forces at a faster pace.

Third, funds and technology are critical to improving the capacity to tackle climate change. Since 2016, China has provided and mobilized more than RMB177 billion yuan of project funds in support of other developing countries' climate response. We call on developed countries to increase financial support and technology transfer for developing countries, and expect more ambitious funding targets to be set at COP29, so that confidence and guarantees can be provided for global climate response in the next stage.

China will work with all parties to uphold the vision of building a community with a shared future for mankind, make concerted efforts to protect Earth, our common home, and jointly build a clean and beautiful world.

Thank you.