China to Establish Ecological Product Value-realization Mechanism

Amid its environmental protection and green development efforts, on 26 April 2021, the General Offices of the Central Committee and the State Council jointly issued a guideline on setting up and improving the mechanism for realizing the value of ecological products. According to the guideline, the main objective is to establish a basic policy framework which governs value realization of the products by 2025. Problems related to measuring, mortgages, transactions, and value realization of ecological products shall be effectively solved by 2025, and an interest-oriented mechanism for environmental protection will take a basic shape. A sound mechanism for realizing the value of the products will be formed by 2035 so that green production and a sustainable way of life may take hold in the country.

Furthermore, both government bodies plan to establish an ecological product survey and product value assessment mechanism. This will be supplemented by ecological product value accounting standards and the promotion of their application. These measures are intended to spur the trading of rights and interests related to ecological resources. Moreover, the ecological product protection compensation scheme is planned to be improved and fine-tuned.

Finally, the guideline also stressed more support for green finance, encouraging banks to increase medium- and long-term loan support for entities managing or developing ecological products and reduce financing costs reasonably.

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Sino-German Environmental Partnership II

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)
Implementation Partners
International Environmental Cooperation Office (IECO), MEE; China Council for International Cooperation on Environment and Development (CCICED)
Duration
09/2017 – 10/2021

Since 2013, the Sino-German Environmental Partnership has supported bilateral environmental policy dialogue through the exchange of experience and advice on various specialist topics. Thereby, the project enhances institutional and individual capacities through training, the exchange of personnel, and knowledge transfer, to best prepare China for its future as a transformed “Ecological Civilization” and its path towards a “Beautiful China”. The partnership is overseen by the Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) of the Federal Republic of Germany and the Ministry of Ecology and Environment (MEE) of the People’s Republic of China. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) is responsible for implementing the Sino-German Environmental Partnership, which is funded through the International Climate Initiative (IKI) of BMU. In September 2017, the Sino-German Environmental Partnership entered into its second phase, which will continue until 2021. Through its activities, the Sino-German Environmental Partnership supports its Chinese project partners in transforming the existing environmental management system into a holistic environmental governance system which involves actors from science, industry and civil society. The planned activities lead to an intensification of the German-Chinese strategic environmental dialogue. An enhanced exchange such as this will continue to positively impact China’s proactive ownership of global environmental and climate change responsibilities. This will support the achievement of the Paris Agreement and the 2030 Agenda.