China Partnership for Market Readiness (WB-P166983)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
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.
Borrower
People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
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.
Grant Amount (USD)
$ 2.00 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)
$ 2.00 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 @ WB website

Updated in EWS Jan 10, 2020

Disclosed by Bank Nov 12, 2018


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Project Description

According to bank documents, the project aims to design a national carbon emissions trading scheme. It has the following project components: 

Component 1: Enable design of key building blocks for a national carbon emissions trading scheme (ETS) Component 2: China PMR synthesis report, consultations and project management
Component 3: Enabling Market Mechanism and Creating Investment Climate

Investment Description
  • World Bank (WB)
Contact Information

Borrower/Client: People's Republic of China
Weifeng Yang, Deputy Director, Division III, IFI, Ministry of Finance                      
Email Address: weifengyangcn@foxmail.com

Implementing Agency: National Center for Climate Change Strategy and International Cooperation (NCSC) 
Wenbo Liu, Coordinator, China PMR Project
Email Address: liuwb@mepcec.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.