China, People's Republic of : Ningbo Green and Low-Carbon Development Project

Sovereign Project | 56250-001

The project aims to provide a model for cities that have similar challenges of decoupling economic development from carbon emissions as Ningbo does.

Project Details

  • Project Officer
    Zhou, Yun
    East Asia Department
    Request for information
  • Country/Economy
    China, People's Republic of
  • Sector
    • Energy
Project Name Ningbo Green and Low-Carbon Development Project
Project Number 56250-001
Country / Economy China, People's Republic of
Project Status Proposed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan: Ningbo Green and Low Carbon Development Project
Ordinary capital resources US$ 200.00 million
Operational Priorities OP2: Accelerating progress in gender equality
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
OP4: Making cities more livable
OP6: Strengthening governance and institutional capacity
Sector / Subsector

Energy / Energy efficiency and conservation - Energy utility services - Renewable energy generation - biomass and waste

Finance / Finance sector development

Information and communication technology / ICT industries and ICT-enabled services

Gender Gender equity theme
Description The project aims to provide a model for cities that have similar challenges of decoupling economic development from carbon emissions as Ningbo does.
Project Rationale and Linkage to Country/Regional Strategy

Ningbo has a developed industrial economy with secondary industry accounting for 48% of its GDP in 2021 with petrochemical, textile, machinery, metallurgical, electronic, and building materials as its main industries. There is a large demand for heat/steam and power from the industry sector with coal as the main source. Coal consumption for power generation and heat/steam supply maintained around 94% of the total coal consumed from 2011 to 2021, higher than the national level of 74.5% in 2021. The 14th Five-Year Plan for Coal, Oil, and Natural Gas Development of Zhejiang Province set the target of reducing the share of coal for power generation and heat supply to 85% by 2025. As a result of its heavy dependence on fossil fuels, carbon emissions increased by 22%, from 77.8 million tons to 100.1 million tons from 2011 to 2020 in Ningbo. Therefore, one of the challenges in Ningbo is how to advance its economy without further increasing fossil fuel consumption and carbon emissions.

Cooling is widely used in public buildings and industry sectors. The PRC's Green Cooling Action Plan sets the targets of a 25% improvement in cooling energy efficiency by 2030. In Ningbo, cooling sector accounts for over one-fourth of the electricity demand, and most of cooling systems were installed 2030 years ago with low efficiency using hydrofluorocarbons as refrigerants, which deplete the ozone layer and have global warming potential several thousand times that of carbon dioxide. A large proportion of the cooling systems is owned by small and medium-sized enterprises that do not have strong asset collateral, which makes it difficult for them to obtain affordable financing. Since retrofits of obsolete cooling systems are small in scale, it is difficult to achieve economies of scale, and thus they do not attract investors. Also, financiers' lack understanding of policies on green financing for retrofits limit interventions to traditional loans requiring large assets as collateral.

Impact

Carbon emission peaking before 2030 and carbon neutrality before 2060 achieved

Outcome

Inclusive, low carbon, and environmentally sustainable development in Ningbo promoted

Outputs

Institutional capacity in climate mitigation and green financing strengthened

Climate financing platform to support new low-carbon technologies, MSEs, and ESCOs established

Green insurance system piloted

Digital carbon accounts for large industrial emitters established

Geographical Location Ningbo
Safeguard Categories
Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Zhou, Yun
Responsible ADB Department East Asia Department
Responsible ADB Division EASI, East Asia Department
Executing Agencies
Ningbo Municipal Government
Timetable
Concept Clearance 11 Jul 2023
Fact Finding 17 Oct 2023 to 27 Oct 2023
MRM -
Approval -
Last Review Mission -
Last PDS Update 11 Jul 2023

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
Ningbo Green and Low Carbon Development Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Jul 2023

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.

Title Document Type Document Date
Ningbo Green and Low Carbon Development Project: Environmental and Social Management System Arrangement Environment and Social Management System Arrangements Nov 2023

Evaluation Documents See also: Independent Evaluation

None currently available.


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.