China's top environmental watchdog will roll out preferential policies to tap the potential of financial instruments in tackling climate change as the country makes efforts to contribute to the world's climate progress amid challenges in promoting development, a senior environmental official said.

Zhao Yingmin, vice minister of ecology and environment, made the comment on December 10 on the sidelines of the ongoing United Nations climate change conference in Madrid.

"China has always attached great importance to tackle climate change by proactively carrying out national strategy on the issue," he told an event focusing on climate investment and finance that was held at the China pavilion on the sidelines of the UN conference.

China has made significant progress in promoting low-carbon development. Its carbon dioxide emissions per unit of GDP last year were 45.8% below the 2005 level, meaning the emission of 5.26 billion tonnes of the greenhouse gas was avoided, Zhao said.

He also said the share of non-fossil fuels in the country's primary energy consumption had increased to 14.3% last year.

"China made arduous efforts to make the achievement, considering that, as the largest developing country, it is confronted with huge challenges in developing the economy, improving people's livelihood, eradicating poverty and controlling pollution," Zhao said.

He said China needs a large amount of financial input to ensure that it can fully honor its commitment to contain rising carbon emissions by 2030.

(Writing by Tian Zhang  Editing by Tammy Yang)
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