China, People's Republic of: Strengthening Capacity in the Implementation of the Green Financing Platform for the Greater Beijing–Tianjin–Hebei Region
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.
Project Details
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Project Officer
Zhou, Yun
East Asia Department
Request for information -
Country/Economy
China, People's Republic of -
Modality
- Technical Assistance
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Sector
- Finance
Related Projects
| Project Name | Strengthening Capacity in the Implementation of the Green Financing Platform for the Greater Beijing–Tianjin–Hebei Region | ||||
| Project Number | 50096-003 | ||||
| Country / Economy | China, People's Republic of |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Finance / Finance sector development |
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| Gender Equity and Mainstreaming | No gender elements | ||||
| 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. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | 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. | ||||
| Impact | Air quality improvements based on a green financing platform in the BTH region accelerated | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | Use of green financing platform by all key sectors and segments sustainably expanded |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Online application and data collection platform for the developers of potential subprojects implemented Readiness of the subprojects increased Subproject developers'' capacity in preparing bankable projects strengthened |
| Status of Implementation Progress (Outputs, Activities, and Issues) | The technical, environment and social due diligence of proposed subprojects is ongoing. The TA has been extended until November 2021. Additional consultants have been recruited to maximize the output and outcomes of the TA. The following TA activities has been completed, namely (i) online Information Management System, (ii) organization of 10 workshops and 22 training, (iii) engagement of social and environmental consultants for subproject due diligence, (iv) one study tour to North Europe, and (v) promotional video in Chinese language. |
| Geographical Location | Beijing, Hebei, Henan, Inner Mongolia, Liaoning, Shandong, Shanxi, Tianjin |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
|---|---|
| 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. |
| Responsible ADB Officer | Zhou, Yun |
| Responsible ADB Department | East Asia Department |
| Responsible ADB Division | EASI |
| Executing Agencies |
China National Investment and Guaranty Corporation 9 Floor, Office Bldg, No. 100 Xisanhuan Beilu, Huadian District, Beijing, PRC 100048 |
| Timetable | |
|---|---|
| Concept Clearance | 08 Nov 2016 |
| Fact Finding | 01 Nov 2016 to 03 Nov 2016 |
| MRM | - |
| Approval | 29 Nov 2016 |
| Last Review Mission | - |
| Last PDS Update | 22 Sep 2021 |
TA 9251-PRC
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 29 Nov 2016 | 02 Jan 2017 | 02 Jan 2017 | 30 Nov 2019 | 29 Nov 2021 | 03 Mar 2022 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 0.00 | 1,000,000.00 | 0.00 | 0.00 | 150,000.00 | 0.00 | 1,150,000.00 | 17 Jun 2022 | 808,480.72 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Strengthening Capacity in the Implementation of the Green Financing Platform for the Greater Beijing–Tianjin–Hebei Region: Technical Assistance Report | Technical Assistance Reports | Nov 2016 |
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.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| National environment specialist 3 | Individual - Consulting | Closed | 17 Jan 2018 | 23 Jan 2018 |
| Online application and data colleciton platform | Firm - Consulting | Closed | 11 Nov 2017 | 17 Nov 2017 |
Contracts Awarded
| Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
|---|---|---|---|---|---|---|
| Capacity Development | Technical Assistance 9251 | 02 Apr 2018 | Beijing Quick-Finance Information Service Corp.(CHINA,PEOPLE'SREP.OF) | Xisanhuan Beilu,Haidian District, 10F Gu fang Plaza No 100 BeiJing China | China National Investment and Guaranty Corporation | 193,053.00 | — |
Procurement Plan
None currently available.