The APEC Business Advisory Council (ABAC) will hold its 4th and concluding meeting of this year in Shenzhen City, south China's Guangdong Province, from Saturday to next Monday.
During the upcoming meeting, China and Canada will jointly release a collection of Asia-Pacific "AI+" cases to tap the potential for innovation cooperation, according to the China Council for the Promotion of International Trade (CCPIT).
"The fourth meeting of the 2026 APEC Business Advisory Council (ABAC) is a key component of the APEC Leaders' Week, with the dual mission of summarizing the year's cooperation achievements and charting the direction and priority areas for cooperation in 2027. At this pivotal moment marking the 30th anniversary of the ABAC, the CCPIT will organize high-quality Chinese proposals to guide the direction of cooperation and leave a distinct Chinese imprint," said Wu Meng, head of CCPIT's Department of International Cooperation.
During the meeting, delegates from various economies will also visit representative local enterprises engaged in developing new quality productive forces and the Hong Kong-Zhuhai-Macao Bridge, to experience the vitality of Chinese modernization and sci-tech innovation.
The previous three ABAC meetings of this year were held in Jakarta, Mexico City and Bangkok, respectively, producing 14 outcome documents including letters to APEC economic leaders and policy recommendation reports.
The ABAC is APEC's only permanent body representing the business community. It submits policy recommendation reports to leaders of APEC economies every year and serves as the primary channel for the Asia-Pacific business sector to engage in APEC cooperation.
APEC Business Advisory Council to hold 2026 final meeting in Shenzhen
China, Türkiye and Ethiopia on Wednesday jointly launched an initiative to enhance international cooperation on carbon crediting markets at the 31st United Nations Climate Change Conference (COP31) in the Turkish coastal city of Antalya.
Unveiled at the COP31 China Pavilion in a ceremony attended by government officials and representatives of international organizations, including the United Nations and the World Bank, the initiative calls for stronger cooperation to promote the sustainable development of the global carbon credit market and support the global green and low-carbon transition.
With the implementation rules of the market mechanisms under Article 6 of the Paris Agreement gradually taking effect in recent years, international demand for high-quality carbon credits has continued to grow.
The initiative urges governments and relevant intergovernmental institutions to take the lead in improving governance systems for high-quality carbon credits. It calls on carbon credit mechanisms and market participants to strengthen exchanges and collaboration to ensure high-quality supply, all social actors to use carbon credits responsibly to generate effective market demand, and all parties to deepen international exchanges and cooperation, enhance capacity building, and promote carbon credit information sharing and infrastructure connectivity.
"We believe this initiative can make a significant contribution. And all those years of progress and experience and measuring and cooperating and identifying the emission reduction potential, linking it with national policies and overall ambition aims, this is all very relevant experience that China has had and really needs to be shared with others, so that we all can make the same efforts to really build really well functioning climate markets," said James Grabert, head of the Mitigation Division under the United Nations Climate Change Secretariat.
COP31, which opened on Monday and runs through Nov. 20, has brought together representatives from nearly 200 countries and regions around the world.
China, Türkiye, Ethiopia launch carbon crediting initiative at COP31
