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 Name||Innovative Models for Climate Change Financing|
|Country||China, People's Republic of
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|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|
|Description of Outcome||Consideration by decision makers of innovative models for climate change financing|
|Progress Toward Outcome||The TA is completed.|
|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.
|Summary of Environmental and Social Aspects|
|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.|
|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 ADB Officer||Lee, Seung Min|
|Responsible ADB Department||East Asia Department|
|Responsible ADB Division||Public Mgt, Financial Sector and Regional Coop Division, EARD|
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
|Concept Clearance||13 Nov 2013|
|Fact Finding||23 Oct 2013 to 24 Oct 2013|
|Approval||16 Dec 2013|
|Last Review Mission||-|
|Last PDS Update||31 Mar 2016|
|Approval||Signing Date||Effectivity Date||Closing|
|16 Dec 2013||16 Jan 2014||16 Jan 2014||24 Dec 2015||-||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|300,000.00||0.00||50,000.00||0.00||0.00||0.00||350,000.00||16 Dec 2013||118,981.76|
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