Guests attend the fifth Qingdao Multinationals Summit held in Qingdao, Shandong province. [Photo by Hou Chengze/chinadaily.com.cn]

Innovation and global efforts are playing an increasingly important role in achieving the world's green goals, said Lu Yuebing, chairman of the Multinational Corporation Carbon Neutrality Council (MNC50).

"The path to green and carbon neutrality must be hinged upon innovation in many sectors, such as technology, policy and finance, including international cooperation. We are willing to share the best practices of multinational companies and deepen cooperation with Chinese enterprises and local governments to jointly promote China's decarbonization goals and the green transition of industries," Lu said.

The remarks were made during the China-Europe (Qingdao) Forum on Green and Sustainable Development organized by the Qingdao municipal government. MNC50 was a supporting organization.

As one of the major events of the 5th Qingdao Multinationals Summit (QMS), the forum discussed the current trends and strategic recommendations for domestic and international industrial development in the context of global climate change and sustainable development.

Guests at the forum delivered keynote speeches on topics such as China-Europe green cooperation, the development of new quality productive forces, green finance under China's dual-carbon goals, and innovation in the new energy sector.

MNC50 was founded in Beijing in 2021 by senior executives from more than 50 leading multinational companies in China. Over 100 Fortune Global 500 companies have joined MNC50 as its members.