GIZ workshop on financing climate actions in China

climate
Dec 30, 2019

June 05, 2019 – Singapore – As part of the Innovate4Climate conference in Singapore, the GIZ China organized a workshop on “Triggering transformative change through financing climate action in China” to promote knowledge exchange which was well attended by many international experts at the conference. Workshop participants discussed topics on climate finance from opportunities and challenges to govern the process of aligning China’s economic system with Article 2.1c of the Paris Agreement.

Ms. Bai Yunwen at the workshop ©GIZ

The workshop reflected on the importance of climate finance, a relatively new action field in China, bearing a lot of potentials to address a variety of climate, environmental and societal issues. The expert discussions contributed to discussions on finding innovative approaches for transforming the financial system in China and shifting investment patterns towards climate-friendly options.

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Sino-German Climate Partnership III

Project country
China
Political Partners
German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU); Ministry of Ecology and Environment of the People's Republic of China (MEE); National Energy Administration of the People's Republic of China (NEA)
Implementation Partners
Energy Research Institute of the National Development and Reform Commission of the People's Republic of China
Duration
09/2017 – 09/2020

Germany and China signed the Memorandum of Understanding on Cooperation in Combatting Climate Change and initiated this bilateral dialogue as "Sino-German Climate Partnership". The project has been established to support the cooperation between the German Ministry of Environment, Nature Conservation and Nuclear Safety (BMU) and the Chinese Ministry of Ecology and Environment (MEE). The new phase of the project starts in 2018 with close alignment to the restructuring at the Chinese government. In this phase, the project aims to advance the policy dialogue and cooperation with the Chinese partners domestically as well as within the international context of climate change. Part of the work will be supporting the development and implementation of China's medium- and long-term low-carbon development strategies, hence by supporting the Chinese government in strengthening the climate governance system. Domestically the SGCP project supports the policy dialogue on climate change (Sino-German Working Group on Climate Change) and enhances the exchange of German experiences and best practices, this includes strengthening capacities for the development of integrated climate and energy action plans as well as adaptation concepts for cities. On international level the SGCP project enhances the knowledge of both patterns about best practices in regard of climate policies and their implementation. For new cooperation topics identified by the Working Group on Climate Change, the project acts as an incubator for IKI development. As interface for information management, it serves a as a hub for exchange between partners of the IKI within and outside China, especially within the UNFCCC process.