Strengthening Capacity in the Implementation of the Green Financing Platform for the Greater Beijing (ADB-50096-003)

Countries
  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Greater Beijing–Tianjin–Hebei Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 29, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
China National Investment and Guaranty Corporation
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Law and Government
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 2, 2020

Disclosed by Bank Dec 6, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed TA will help improve capacity of I&G; and other financial institutions in energy management, emission monitoring and verification, establishment of energy consumption baselines, verification of energy savings, compliance with environmental and social safeguards, project appraisal in economic terms, and project development in the BTH region. It will also build ADB's practical knowledge in the emerging area of green development financing and will assist other developing member countries.

The greater Greater Beijing Tianjin Hebei (BTH) region is one of the most important economic regions in the PRC, generating more than a third of the country's gross domestic product (GDP). But this region also consistently experiences poor air quality mainly due to its reliance on energy intensive enterprises, coal-based power generation, large number of diesel and gasoline fuelled automobiles, etc. The government is striving to improve the air quality and has launched stricter environmental regulations and a target to improve the average concentration of most hazardous air pollutant fine particulate matter (PM2.5). As enterprises modernize and upgrade their production facilities to meet stricter environmental regulations and reduce emissions, they must make capital expenditures that may not lead to additional revenue. New business models for such investments are needed, which require deep understanding of technical and financial issues associated with diverse sets of enterprises. Moreover, reducing the region's use of coal requires rapid low-carbon (such as natural gas) and renewable energy development, which is capital intensive. The region needs right policies and tighter regulations that can spur the demand, state-of-the-art technologies, and tailored financial instruments and financing. More importantly, the region needs an extensive outreach program to stimulate behavioral changes.

Key activities under the TA are:
(i) develop and build an online application and data collection platform that will allow the GFP to become a one-stop, user-friendly knowledge and investment platform;
(ii) strengthen the institutional capacity of relevant agencies and entities, including the executing agency, other financial institutions, and project developer and owners;
(iii) organize knowledge sharing and information dissemination through workshops and conferences;
(iv) improve subprojects’ readiness, especially those using advanced technologies;
(v) publish knowledge products and provide services to developing member

CONSULTING SERVICES
The proposed TA will engage individual consultants consisting of two international (10 person-months) in technology selection and environmental assessment, and six national (39 person-months) to provide technical support in energy efficiency, agriculture waste utilization, renewable energy, and environmental assessment, energy performance monitoring and verification, and how to control foreign exchange risks.

PROCUREMENT
Equipment and IT-based platform purchased under the TA will be turned over to the executing agency after completion of the TA. Procurement will be done in accordance with ADB's Procurement Guidelines (2015, as amended from time to time). Upon completion of the technical assistance project, all equipment procured under the project will be turned over or disposed of in accordance with ADB's project administration instructions.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

China National Investment and Guaranty Corporation
9 Floor, Office Bldg,
No. 100 Xisanhuan Beilu,
Huadian District,
Beijing, PRC 100048

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

How it works

How it works