China, People's Republic of : Adoption of Green Development Standards for Cross-Border Investments
This knowledge and support technical assistance (TA) will provide policy options for the adoption of green development standards to cross-border investments by the People's Republic of China (PRC). The TA recommendations will be piloted in the PRC's eastern coastal provinces. The research and pilot initiative aim to strengthen the alignment of the PRC's framework for crossborder investments with emerging international green standards and will inform the government's framework to evaluate the PRC's inbound and outbound investments.The TA is anchored on the United Nation's Sustainable Development Goals on taking action to combat climate change and its impact; and strengthening the means of implementation and revitalizing the global partnership for sustainable development.
Project Details
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Project Officer
An, Bo
Sectors Group
Request for information -
Country/Economy
China, People's Republic of -
Sector
- Public sector management
| Project Name | Adoption of Green Development Standards for Cross-Border Investments | ||||||
| Project Number | 56064-001 | ||||||
| Country / Economy | China, People's Republic of |
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| Project Status | Active | ||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Operational Priorities | OP2: Accelerating progress in gender equality OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability OP6: Strengthening governance and institutional capacity OP7: Fostering regional cooperation and integration |
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| Sector / Subsector | Public sector management / Public administration |
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| Gender | Some gender elements | ||||||
| Description | This knowledge and support technical assistance (TA) will provide policy options for the adoption of green development standards to cross-border investments by the People's Republic of China (PRC). The TA recommendations will be piloted in the PRC's eastern coastal provinces. The research and pilot initiative aim to strengthen the alignment of the PRC's framework for crossborder investments with emerging international green standards and will inform the government's framework to evaluate the PRC's inbound and outbound investments.The TA is anchored on the United Nation's Sustainable Development Goals on taking action to combat climate change and its impact; and strengthening the means of implementation and revitalizing the global partnership for sustainable development. It is aligned with the Asian Development Bank's (ADB) Strategy 2030 operational priorities, specifically on achieving environmentally sustainable growth (operational priority 3) and fostering regional cooperation and integration (operational priority 7). The TA supports the ADB's country partnership strategy for the PRC, 20212025, in particular pillar 1 (high-quality green development through environmentally sustainable development) and pillar (climate change adaptation and mitigation).The TA will also promote South-South cooperation through knowledge-sharing from the PRC. |
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| Project Rationale and Linkage to Country/Regional Strategy | There is no single framework that could anchor the PRC's regulation of cross-border investments and ensure that these investments are aligned with international green standards. A clear understanding of the domestic regulatory regime around cross-border investments, in light of emerging international standards on green development is crucial. At present, observance of the green guidelines by Chinese enterprises is done on a voluntary basis. An assessment of the PRC's experiences supporting the domestic green value chain industry would help in drawing out lessons that could inform policy. A study of international and local experiences will help the PRC incorporate emerging international standards and best practices related to environmental requirements, disclosure, public participation, and grievance mechanisms in green industry identification, production and operation, infrastructure, international capacity cooperation, technology and innovation, and financial support. The TA will support the National Development and Reform Commission (NDRC) in developing a comprehensive framework for the regulation of cross-border investments in the PRC. The research, its policy recommendations and other outcomes will strengthen the adoption of green development standards and enhance capacities to evaluate cross-border investments. The framework will be tested in various sectors, such as the energy, chemical, natural resources, construction, light, and textile in the eastern coastal provinces of the PRC. |
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| Impact | Environmentally sustainable and climate change mitigating investment opportunities between the PRC and its investment partners expanded |
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| Project Outcome | |
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| Description of Outcome | Alignment of PRC's framework for the regulation of cross-border investments with international green development standards enhanced. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Understanding of the regulation on cross-border investments improved Policy recommendations on the alignment of green development standards for cross-border investments with established international practice finalized Regional cooperation and awareness of green development standards for cross-border investments enhanced |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Nation-wide |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
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| Consulting Services | A consultant firm will be recruited to provide an estimated 20 person-months of consulting inputs to deliver outputs 1 and 2 based on detailed terms of reference agreed between ADB and the executing agency. Resource persons will also be engaged, as needed. Subject to co-funding confirmation, firm or individual consultants will be engaged as needed to deliver output 3. The delivery of output 3 could be a downstream assignment for the research firm to continue its tasks to disseminate the outcomes of outputs 1 and 2 subject to good performance. ADB will engage the consultants and carry out procurement following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions. |
| Procurement | Procurement will follow the ADB Procurement Policy (2017, as amended from time to time) and Procurement Regulations for ADB Borrowers (2017, as amended from time to time). |
| Responsible ADB Officer | An, Bo |
| Responsible ADB Department | Sectors Group |
| Responsible ADB Division | Public Sector Management and Governance Sector Office (SG-PSMG) |
| Executing Agencies |
National Development and Reform Commission |
| Timetable | |
|---|---|
| Concept Clearance | 15 Jul 2022 |
| Fact Finding | 30 Jun 2022 to 22 Jul 2022 |
| MRM | - |
| Approval | 29 Nov 2022 |
| Last Review Mission | - |
| Last PDS Update | 27 Sep 2023 |
TA 10002-PRC
| Milestones | |||||
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| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 29 Nov 2022 | 23 Dec 2022 | 23 Dec 2022 | 30 Nov 2025 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500,000.00 | 27 Sep 2023 | 0.00 |
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.
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| Title | Document Type | Document Date |
|---|---|---|
| Adoption of Green Development Standards for Cross-Border Investments: Technical Assistance Report | Technical Assistance Reports | Nov 2022 |
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