As an emerging key international donor, China is at a crossroads and actively shaping its new role in the global development landscape. Could China become a new climate responsible donor? This policy brief draws the linkage between the development cooperation agenda of China and its impact on the global green transformation towards a safe climate future. It outlines several institutional developments of special attention, namely the Chinese and China-led multilateral development banks as well as its new development cooperation agency. Based on these, avenues towards greener Chinese investments abroad are presented.