The EC-Link Project was invited to attend the Workshop on Finance for Low-Carbon Urban Infrastructure in China, held in Beijing on December 11, 2019.
The workshop was organized by FELICITY (Financing for low-carbon investment – city advisory facility); the Project is funded by the International Climate Initiative (IKI) of the German Federal Ministry of Environment, Nature Conservation and Nuclear Safety (BMU and implemented by the GIZ in collaboration with the European Investment Bank (EIB). Felicity aims to make low-carbon urban infrastructure projects bankable and increase access to climate finance at the subnational level by providing technical assistance and advisory services, especially to projects developers and municipalities.
The Workshop saw the participation of European and Chinese stakeholders interested in supporting the development of municipal green finance in China and in supporting Chinese cities in implementing green urban projects. During the event, the participants shared multiple views in analyzing the sustainable development of green and sustainable cities, particularly in China, such as: the urgency to provide tailored services according to cities needs, the urgency to develop transport systems in line with cities’ requirements, and also the importance to sustain such important development with integrated green finance support.
Indeed, Green finance plays a fundamental role in sustaining Chinese ambitious urban development program; in upcoming years Chinese municipalities will develop more and more urban projects, they will need to move out from traditional finance solutions and to get closer to the many opportunities provided from green municipal finance.
EC-Link project was invited to provide a general outlook of green municipal finance sector in China and moreover, to show how practically it is supporting Chinese cities in such process. EC-Link Key Expert presented on-going cooperation in Qingdao. Currently, the Project is supporting Qingdao in developing two green municipal finance projects. The Qingdao Green Public Transportation system demonstration project is designed to be implemented in terms of developing low carbon and green traffic. The Comprehensive energy efficiency improvement project is designed to retrofit public buildings and residential buildings in Qingdao city, for reducing energy consumption and improving the energy efficiency for existing buildings.
EC-LINK Project is actively engaged in city-level cooperation and communication work in China and providing green finance assistance. It will continue its work in sustaining an effective dialogue between Chinese Municipalities and main Chinese and International Banks and Funds.