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

Countries
  • China
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
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
Nov 29, 2016
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
China National Investment and Guaranty Corporation
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Dec 6, 2016


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Project 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
  • Asian Development Bank (ADB)
Contact Information
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