China, People's Republic of : Adoption of Green Development Standards for Cross-Border Investments

Sovereign Project | 56064-001

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

  • 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
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 10002-PRC: Adoption of Green Development Standards for Cross-Border Investments
Technical Assistance Special Fund US$ 300,000.00
Regional Cooperation and Integration Fund US$ 200,000.00
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
Sector / Subsector

Public sector management / Public administration

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.

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.

Impact

Environmentally sustainable and climate change mitigating investment opportunities between the PRC and its investment partners expanded

Project Outcome
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
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
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
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.

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.

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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

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

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Related Publications

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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.

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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.