On March 22, The Climate Group and the Research Center for Climate and Energy Finance at China’s Central University of Finance and Economics issued a report that projects China will need $243 billion of additional funds per year by 2020 to mitigate and adapt to climate change. The report, “Shaping China’s Climate Finance Policy,” was prepared for the National Development and Reform Commission, China’s top planning body. The forecast represents 2 percent of China’s annual gross domestic product.