EC-Link Project Participates at the Climate Change Mitigation and Adaptation Forum
The Climate Change Mitigation and Adaptation Forum was held on 29Jun in Qingdao city. The EC-Link Project was invited to share the case of green project development in link with green financing. Qingdao is one the pilot cities under EC-Link assistance for green finance, two municipal green projects have been selected and prepared potentially for the Shandong Green Development Fund financing.
The Comprehensive Energy Efficiency Improvement Project for the Existing Buildings in Qingdao was introduced as the example. The Shandong Green Development fund is initiated by Asian Development Bank, also expected to leverage the blending investment from other International Financing Institutes, Private Capital and Commercial Banks. It provides creative Green Fund mechanism with international standard on the green criteria, which expected to achieve significant positive outcomes on environmental and climate impact, particular on GHG reduction, as well as, innovative modality to increase the bankability of green projects.
The Qingdao case done by EC-Link Project give a best practice example of how the green project can be developed in link to Green Finance resources. This has been attracted huge interest among the forum participants, who are the key people from Municipal Environmental & Ecology Bureau, climate change research institutes and other International Cooperation Agency. They have shown strong willingness to cooperation with EC-Link program on the Green Development aspect. There will be potential opportunities for demonstrating the Qingdao case to other pilot cities, to amplify the EC-Link intervention influence on Green development.
Climate Change Can Pose Big Risks To Real Estate Investments
Climate change could dramatically alter the value of real estate investments.
And that goes for real estate investment trusts, companies that own income-producing real estate, if they do not shift their investment strategies to address growing risks, industry experts say.
A 2018 report found that 35% of REIT properties have geographic exposure to climate hazards, including inland flooding, typhoons or hurricanes, and coastal flooding and elevated sea levels. The research evaluated 73,500 properties owned by 321 REITs.
MIT And KTH Will Collaborate On Urban Planning And Development In Stockholm
MIT and KTH Royal Institute of Technology, Sweden’s leading technological and engineering university, have announced a research collaboration focused on urban planning and development in Stockholm, Sweden.
The KTH-MIT Senseable Stockholm Lab will use artificial intelligence, big data, and new sensor technologies to help the city evolve into a more livable and sustainable metropolis. The City of Stockholm is part of the collaboration, which will commence work this spring and is planned to span five years.
The announcement was made during the recent 2019 Forum on Future Cities at MIT, a conference produced in association with the World Economic Forum’s Council on Cities and Urbanization.
CITIES | 欧洲 EUROPE
CITIES | 中国 CHINA
EC-Link Project will host in Beijing the Fourth Green Finance Network Meeting; the Meeting will analyze what determines the bankability of green municipal finance projects and which are best present solutions for financing urban climate mitigation projects in Chinese municipalities.