Developing Gross Ecosystem Product Accounting for Eco-Compensation (ADB-48469-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Technical Cooperation
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 9, 2017

Disclosed by Bank Sep 28, 2016


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Project Description
The TA contributes to Asian Development Bank's (ADB) strategic priorities in the draft PRC's Country Partnership Strategy, 2016 2015, which includes supporting more innovation in eco-compensation as a tool for environmental management in the PRC. It effectively builds on ADB's long-term cooperation with PRC on the eco-compensation agenda. In addition to publications and regional knowledge sharing events, ADB has also been instrumental in facilitating policy and legal reform in the PRC related to eco-compensation through TAs supporting development of national and provincial policy and legislative framework. On the project level, ADB is already investing in a pilot program to operationalize some eco-compensation concepts through projects such as the Guiyang Integrated Water Resources Management Project (Loan No. 2573-PRC), the Jiangsu Yancheng Wetlands Protection Project (Loan No. 2838-PRC), and the Anhui Chao Lake Environmental Rehabilitation Project (Loan No. 2941-PRC). In July 2014, ADB-NDRC joint knowledge hub on green growth and eco-compensation was launched in Beijing. This proposed TA effectively builds on ADB's past collaboration with PRC and continues to explore an additional innovative and practical aspect of the eco-compensation agenda in the PRC.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
National Development and Reform Commission No. 8 South Yuetan St. Beijing 100824, China ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main