2019-11 14
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ADB secures 1st Green Climate Fund for China



MANILA, Nov. 14 (Xinhua) -- The Green Climate Fund (GCF) approved on Thursday 100 million U.S. dollars in funding for an Asian Development Bank (ADB) project in eastern China's Shandong province that will showcase new ways to mobilize private, institutional and commercial financing for climate change mitigation and adaptation. The Manila-based bank said this is the first GCF funding for China to establish the Shandong Green Development Fund (SGDF) and catalyze climate finance for a variety of climate sub-projects. The fund will apply GCF's Investment Framework and leverage transformational investments in Shandong with climate benefits, the ADB added. ADB approved 88.73 million euros (roughly 100 million U.S. dollars) of loans for the SGDF project on Sept. 26. It said a German banking group is providing additional co-financing while the French Development Agency will present the co-financing opportunity to its board for approval in December. According to the bank, the SGDF will function as the financial arm of the Shandong provincial government to support its ambitious climate change targets and attract private investors to climate change projects. "Many parts of China and other Asian countries face similar challenges to Shandong. We are confident that this project will have a strong demonstration value on how Asian economies can shift to a low-carbon and sustainable growth trajectory," ADB Director General for East Asia Amy Leung said. "The fund will pilot new ways to attract private sector funding and know-how that can be replicated elsewhere," she added. GCF, based in Songdo, South Korea, is a global fund created to support the efforts of developing countries to respond to the challenge of climate change. It was established in 2010 to limit or reduce greenhouse gas emissions in developing countries and regions, and catalyze a flow of climate finance to invest in low-emission and climate-resilient development. ADB has been an accredited entity of the GCF since 2015 and has received 10 funding approvals totaling 473 million U.S. dollars since then. Source: Xinhua Date:November 14, 2019

2019-10 23
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Cooperation in clean energy to expand, Xi says



China to push sustainable development, bring more benefits, president vows in letter to forum The country is ready to work with the international community to strengthen all-around energy cooperation, safeguard energy security and address climate change, President Xi Jinping said on Tuesday. China will also cooperate with other countries to promote ecological and environmental protection, push sustainable development and bring more benefits to people around the world, Xi said in a congratulatory letter sent to the Taiyuan Energy Low Carbon Development Forum, which opened on Tuesday in Taiyuan, Shanxi province. The forum runs through Thursday. Low-carbon energy development concerns the future of humanity, Xi said, adding that China attaches great importance to such development and actively promotes energy consumption, supply, technology and institutional transformation. Vice-Premier Han Zheng attended the opening ceremony of the forum and said that all parties should enhance cooperation in energy security, clean energy and energy infrastructure to provide strong support for global sustainable development and the realization of the United Nations 2030 Agenda for Sustainable Development Goals. Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remark on Monday during his meeting with foreign guests attending the forum. He said major changes in the global energy picture and the evolution of geopolitics have brought about challenges to the stability of the international energy market and the balance of supply and demand. "The Chinese government always attaches great importance to energy security and the development of clean low-carbon energy, and it stands ready to deepen cooperation with all parties," he said. Former Czech prime minister Bohuslav Sobotka said the world thinks highly of China's leading role in coping with climate change and promoting sustainable development. He expressed expectations of sharing low-carbon development experience and jointly strengthening global energy cooperation to realize clean growth through the forum. China has shown unwavering determination and strong commitment to practicing low-carbon energy development and promoting clean energy use to tackle climate change, analysts said. Liu Zhenmin, under-secretary-general for economic and social affairs at the UN, said he commends the government of China for its leadership on clean energy development and its efforts to promote renewable energy infrastructure at home and all over the world. Liu also praised Shanxi province for being well-positioned to provide a platform for sharing its experiences and discussing opportunities for promoting energy transformation and sustainable development. U Ohn Winn, union minister at Myanmar's Ministry of Natural Resources and Environmental Conservation, said the forum is very timely as the world urgently needs action to achieve the Paris climate agreement goal of limiting global temperature increases to 1.5 C by striving in earnest to fulfill the commitments on mitigation and adaptation. Alan Searl, director of the International Energy Agency's China cooperation department, said energy transition is a global and intergenerational process. Source: China Daily Date: October 23, 2019

2019-10 19
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Hong Kong to strengthen ability to combat climate change



HONG KONG, Oct. 18 (Xinhua) -- Shun Chi-ming, director of the Hong Kong Observatory, said Hong Kong had been hit by super typhoons in recent years and should gear up to combat climate change. The Hong Kong Observatory said in a statement on Friday that it jointly hosted an academic session with two working groups of the United Nations Intergovernmental Panel on Climate Change (IPCC) on Thursday in Hong Kong. Featuring the salient points of the three special reports published by the IPCC in the past year, the session provided participants with the opportunity to discuss and exchange views on the latest scientific findings in the field of climate change and its relevance to Hong Kong. The three reports are the Special Report on Global Warming of 1.5 degrees Celsius, the Special Report on Climate Change and Land, and the Special Report on the Ocean and Cryosphere in a Changing Climate, which summarized the impacts of climate change on land, ocean, the cryosphere and ecosystems. According to the reports, the land surface air temperature has risen nearly twice as much as the global average temperature since the pre-industrial period, leading to more frequent and intense weather extremes. Furthermore, if global carbon emissions continue to show no signs of abating, the global sea level rise for year 2100 is projected to be 10 cm higher than that in the previous assessment, representing a 14-percent increase. At the meeting, Shun cited the destructive power of storm surges brought to Hong Kong by super typhoons Hato and Mangkhut in 2017 and 2018 respectively. He stressed that Hong Kong is not immune to the impacts of climate change, and mitigation, adaptation and resilience measures are most important in combating climate change. Shun added that the Hong Kong Observatory will continue to provide scientific input to support the work of the relevant departments of China's Hong Kong Special Administrative Region government. It will also make ongoing efforts to help raise public awareness of climate change and its impacts through education, so as to enhance the community's preparedness and resilience. Source: Xinhua Date: October 19, 2019

2019-10 17
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Chinese-made electric vehicles ply along LatAm's first mass transit electric corridor



SANTIAGO, Oct. 16 (Xinhua) -- After helping build Latin America's first mass transit electric corridor in Chile, China has supplied the key components of the corridor: fleets of eco-friendly electric buses. The Chinese-made buses run on rechargeable batteries, and boast a host of modern amenities, including Wi-Fi and USB ports, offering commuters in the capital Santiago better traveling experience in urban public transportation. "Public transport is an essential part of our quality of life," Chilean President Sebastian Pinera said on Tuesday, as he unveiled the latest fleet of 183 new electric buses manufactured by Chinese electric vehicle maker BYD, an industry leader. "A good public transit system that's safer, more comfortable, quieter and faster, improves quality of life," said Pinera. "We are taking this big leap forward and toward the future," he added, noting that "outside China, Santiago is the city with the most electric buses." Santiago's drive towards sustainability has been turbocharged as the city prepares to host a landmark international climate change conference in December, the 25th session of the Conference of the Parties (COP25) to the UN Framework Convention on Climate Change. The Chinese government is doing its part by donating 20 electric buses to help shuttle conference participants during the gathering, Chilean Minister of Transportation and Telecommunications Gloria Hutt told Xinhua. According to Hutt, China, as a "pioneer in the development of the technologies behind electric mobility in ... public transit," has been an inspiration to Chile. "Borrowing China's experience, we adopted the same kinds of solutions, and they have been very successful," said Hutt. Source: Xinhua Date:  October 17, 2019

2019-10 10
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China pledges green development as Beijing horticultural expo concludes



BEIJING, Oct. 9 -- The International Horticultural Exhibition 2019 Beijing concluded Wednesday with a festive ceremony, at which Chinese Premier Li Keqiang delivered a speech and announced its closing. Extending congratulations on the success of the expo and gratitude toward the people who supported and attended the event, Li said in his speech that the horticultural expo, themed "Live Green, Live Better," was a great gathering for mutual learning among different civilizations, sharing new green technologies and experiencing the richness of nature. Remaining the world's largest developing country, China will continue to focus on economic development and solve problems through development, he said, stressing that China will stick to a holistic approach to pursue both high-quality economic development and high-standard environmental protection through reform and opening-up. He promised that the country will transform its development pattern, promote green development, contain pollution, enhance international cooperation, support multilateralism, uphold the principles of common but differentiated responsibilities, equity and respective capabilities, and actively implement the Paris Agreement. Vicente Gonzalez Loscertales, secretary general of the Bureau of International Expositions, and Bernard Oosterom, president of the International Association of Horticultural Producers, also addressed the ceremony, congratulating the success of the expo and expressing their confidence that the world will achieve green, low-carbon and sustainable development of higher level through joint efforts. Foreign leaders attending the closing ceremony included Pakistani Prime Minister Imran Khan, Solomon Islands' Prime Minister Manasseh Sogavare, Cambodian Deputy Prime Minister Hor Namhong, Kyrgyz First Deputy Prime Minister Kubatbek Boronov and Azerbaijani Deputy Prime Minister Hajibala Abutalybov. Before the ceremony, Li and the foreign leaders toured the horticultural exhibitions at the China Pavilion. Starting from April 29, the horticultural expo, attended by 110 countries and international organizations, had welcomed nearly 10 million visits. Source: Xinhua Date: 10-10-2019