Climate Cooperation China
On behalf of the International Climate Initiative (IKI)

The Multilateral Cooperation Center for Development Finance (MCDF)

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The Multilateral Cooperation Centre for Development Finance (MCDF) is a new, but prospectively important initiative in international development finance, initiated by China at the inaugural Belt and Road Forum in 2017, and now endorsed by eight leading international development banks worldwide. MCDF is a multilateral initiative to increase high-quality infrastructure and connectivity investments in developing economies in compliance with the international financial institution standards applied by accredited implementing partners through information sharing, capacity building and project preparation. It intends to support the implementation of the G20 Quality Infrastructure Principles, the UN Agenda 2030, the Sustainable Development Goals, and the Paris Agreement. Further Information (ENG).

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State Council approves demonstration projects for sustainable development

In January 2025, China’s State Council approved the Implementation Opinions on Building Pioneer Demonstrations for a Beautiful China, setting the stage for integrating high-quality development with ecological protection. Focusing on green and low-carbon growth, biodiversity conservation, and ecological governance, the plan targets key regions like the Yangtze River Delta, Greater Bay Area, and Yellow River Basin. By 2027, these pilot projects will serve as national benchmarks under the Beautiful China Initiative. Closely aligned with the Urban-Act Project, this initiative accelerates climate-resilient urban planning and sustainable development.

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State Council approves Territorial Spatial Master Plans (2021-2035) for Urban-Act’s pilot cities

By March 2025, the State Council of the People’s Republic of China had approved 40 territorial spatial master plans for provinces, provincial capitals, and municipalities for the period 2021–2035. Among these are the recently endorsed plans for Xi’an and Xiamen, which were selected as low-carbon and climate-resilient pilot cities under the IKI Urban-Act project. These plans lay out a spatial governance framework that integrates ecological, agricultural, and urban spaces, aiming to safeguard national food security and ecological integrity while supporting sustainable urban and regional development over the medium and long term.

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