China, People's Republic of: Innovative Models for Climate Change Financing

Sovereign Project | 47056-001 Status: Closed

Summary

The TA will build on earlier work to help CCDMF prepare for the launch of a FoF for climate change that emphasizes private sector participation. The TA will also initiate preparations of additional financial innovations that will leverage private financing and support outreach on the actions of the CCDMF.

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Project Name Innovative Models for Climate Change Financing
Project Number 47056-001
Country China, People's Republic of
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8580-PRC: Innovative Models for Climate Change Financing
Technical Assistance Special Fund US$ 300,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Energy - Energy efficiency and conservation

Finance - Infrastructure finance and investment funds

Transport - Transport policies and institutional development

Gender Equity and Mainstreaming
Description The TA will build on earlier work to help CCDMF prepare for the launch of a FoF for climate change that emphasizes private sector participation. The TA will also initiate preparations of additional financial innovations that will leverage private financing and support outreach on the actions of the CCDMF.
Project Rationale and Linkage to Country/Regional Strategy
Impact More diversified and sustainable financing for climate change

Project Outcome

Description of Outcome Consideration by decision makers of innovative models for climate change financing
Progress Toward Outcome The TA is completed.
Implementation Progress
Description of Project Outputs

Detailed design of an FOF for climate change and supporting operating procedures

Assessment of the commercial viability of an FOF for climate change

Preliminary design of additional innovative models for change financing

Targeted, widely accessible knowledge products

Status of Implementation Progress (Outputs, Activities, and Issues)

Regular review missions fielded. After the delay in consultant recruitment due to the change of recruitment method, a team of individual consultants are now mobilized. The inception meeting was held in September 2015 and further recruiting of internatinoal consultant was agreed based on the original TOR. The first workshop will be held in Beijing in the last week of October.

All TA activities completed. CTL is processing the closing of the TA account.

Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The China Clean Development Mechanism Fund was actively engaged in the design of the TA project.
During Project Implementation Consultation with the China Clean Development Mechanism is ongoing.

Business Opportunities

Consulting Services The TA will engage one international consultant for a total of 2 person-months, and six national consultants for a total of 16 person-months. No single firm can be expected to provide well-qualified consultants for the full range of diverse skills required for the TA, so more than one firm will be engaged. A firm will be engaged to deliver outputs 1 and 2, and a separate firm will be engaged to deliver output 3. Output 4 will require a national consultant for 2 person-months. Given the small input, this consultant will be hired individually.

Responsible Staff

Responsible ADB Officer Seung Min Lee
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
China Clean Development Mechanism Fund
Chen Huan, Deputy Director General
Room 1206, Zhong Shang Plaza, No. 5 Sanl Sanlihe East Street Xicheng Distnct Beijing, China 100045

Timetable

Concept Clearance -
Fact Finding 23 Oct 2013 to 24 Oct 2013
MRM -
Approval 16 Dec 2013
Last Review Mission -
Last PDS Update 31 Mar 2016

TA 8580-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
16 Dec 2013 16 Jan 2014 16 Jan 2014 24 Dec 2015 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
300,000.00 0.00 50,000.00 0.00 0.00 0.00 350,000.00 16 Dec 2013 118,981.76
Title Document Type Document Date
Innovative Models for Climate Change Financing Technical Assistance Reports Dec 2013

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


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