"Progress is possible. Climate solutions are available. I am very pleased with all the progress we have made in the last ten years," said Henry Paulson, founder and chairman of the Paulson Institute and former US Treasury secretary, on Tuesday.

He made the remarks at the 10th anniversary of the Paulson Prize for Sustainability and the announcement of the 2023 Paulson Prize for Sustainability winners, co-hosted by the Paulson Institute and Tsinghua University in Beijing.

The Paulson Prize was created to inspire innovative thinking to tackle climate change and biodiversity loss, and the projects undertaken in China over the past decade have demonstrated practical solutions and showcased leaders who are making a difference.

Paulson said the sustainability projects pioneer new solutions to climate change and biodiversity loss, and they are "projects that are really working in China".

The winning project of the 2023 Paulson Prize for Sustainability is submitted by Chinese electric vehicle maker Nio, which provides an efficient solution to realize the sustainable use of resources through the establishment of a power exchange model and infrastructure, and a full life cycle recycling system for batteries.

"The Paulson Prize for Sustainability has laid a good foundation for promoting China-US cooperation," said Zhu Liyang, president of the China Association of Circular Economy.

He added that the world's first "global stock take" is about to be convened at the 28th United Nations Climate Change Conference(COP28), and the consensus between China and the United States will be beneficial in advancing global climate cooperation.