EC-Link held a technical training on Green Municipal Finance in Qingdao meant to support Qingdao HURD and technical stakeholders (Sino-German Eco Park, China State Construction Engineering Corporation, China Academy of Building Research, and China Energy Conservation and Environmental Protection Group) ECin developing municipal green finance projects.
In particular, the focus of the training was to assist Qingdao agencies in the financial planning of their projects so to link them to potential finance funds, banks and projects such as the Shandong Green Development Fund (SGDF), Felicity Project, KfW, ADB, AFD, etc.
Mr. Liu Yuyong, deputy director of the Housing and Rural-Urban Development Bureau, attended the meeting. He emphasized how, in recent years, the Bureau has comprehensively promoted green buildings by focusing on the concepts of green development and “transformation from old to new driving forces”. By leveraging on the opportunities of China-EU and Sino-German on-going cooperation, Qingdao established a green eco-zone index system and a low-carbon eco-city expert cooperation mechanism and adopted the international concept of green city to promote the construction of ecological urban areas such as in the Sino-German Eco Park.
EC Link Team, together with Qingdao HURD, conducted a set of site visits and worked with local project teams on data collection to have a better understanding of to the projects and effectively assess their potential for receiving future financing.
Indeed, EC Link Project plans to support the launching of one (or more) pilot project on municipal green financing in Qingdao. Through the introduction of capital coming from the Asian Development Bank, Kfw, Felicity (GIZ) as well as Shandong Green Development Fund, it will be possible so to enhance and expand international cooperation in the municipal green finance sector.