May 27, 2020

Call for financing a climate-resilient future by promoting a sustainable banking sector

Sep 10, 2019 Sep 10, 2019

Copyright by GIZ

10 September 2019, Beijing – At the international seminar ‘Financing a climate-resilient future – Promoting a sustainable banking sector in line with the Paris Agreement’ organised by Greenovation Hub, representatives from international multilateral development finance institutions, financial regulators and governmental bodies exchanged the latest research findings and best practices for promoting renewable energy development in Belt and Road Initiative countries. They also addressed research findings and best practices for promoting a low-carbon transition and exploring effective climate finance policy options. Public and private financial flows are not yet adequately allocated to climate-related areas as required to meet the commitments of the Paris Agreement. Thus, financial flows urgently need to be shifted towards more sustainable, inclusive and climate- resilient areas at strategic, institutional, policy and practical levels. Dr Alex Fisher, Director of Sino-German Cooperation on Climate Change, Environment and Urban Development, presented GIZ’s experience with the implementation of International Climate Initiative (IKI) projects in China.

Sino-German Climate Partnership III

Project country
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
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.