China has promised to achieve carbon peaking by 2030 and carbon neutrality by 2060. To achieve this goal, the country must implement necessary reforms and focus on innovation in areas of economics and finance. This book explores main challenges that China may face in achieving green and low-carbon development, analyzes green and low-carbon related issues from the economic perspective and proposes countermeasures as required. The book further helps readers understand China's progress in protecting its environment, achieving sustainable development, facilitating green investments and in being a green economy.