Shanghai, May 18, 2015—China can
lead the way in showcasing how innovative capital-market instruments can
help countries transition to a low-carbon economy, experts said at an international
conference in Shanghai today.
“Capital Market and Funding Mechanisms for a Low Carbon Economy in China”
conference, co-hosted by IFC, a member of the World Bank Group, and the
China Clean Development Mechanism Fund, attracted more than 200 leading
international and Chinese experts who discussed market-based instruments
andsolutions to advance China’s goals for achieving low carbon, green
“Currently, China’s economy is at a “new normal” state, which means
keeping economic growth at a reasonable pace while it undergoes structural
reform,” said Shi Yaobin, China’s Vice Minister of Finance. “We are
pursuing low-carbon and sustainable development through innovation and
market-driven allocation of resources.”
“As China pursues ambitious economic and environmental goals, capital
markets are highly efficient in channeling financing into these priorities,”
said Bertrand Badré, World Bank Group Managing Director and Chief Financial
Officer. “China’s national carbon market will be the second-largest in
the world, once it is implemented. China’s success in using market instruments
to achieve green growth could be transformative for the global economy.”
“As China continues on its path to green growth, financial innovation
will be important to help solve funding gap,” said Jiao Xiaoping, Deputy
Director General, China Clean Development Mechanism Fund. “We will actively
promote Public Private Partnerships (PPP) model to spur a new round of
Supporting private sector investments that help address climate change
is a priority for IFC in China. This includes investing in and mobilizing
financing for renewable-energy and energy-andwater-efficiency projects;
advising regulators and financial institutions on adopting international
environmental and social best practices, and promoting clean technologies.
The conference “Capital Market and Funding Mechanisms for a Low Carbon
Economy in China” took place in Shanghai on May 18, 2015. The conference
was also co-organized with Shanghai Environment and Energy Exchange and
Shanghai International Exhibition Co. Ltd.
SPDBank and BNP Paribas were lead sponsors of the event. Crédit Agricole
and SinoCarbon were event sponsors.
For more information on the conference visit cgcf.org.cn or follow #cgcf
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org.
About China CDM Fund
China Clean Development Mechanism Fund (CDM Fund), is established for addressing
climate change. Through supporting and facilitating China’ s action in
this area, CDM Fund makes great contribution to China’ s economic and
social development and sustainable development of the world. The establishment
of CDM Fund and its work is an innovative extension of international cooperation
for tackling climate change. It helps bring CDM cooperation from project-level
to country-level and better contribute to sustainable development of the
country and the world. Establishing CDM Fund is a pioneering work of the
Chinese government. The Fund is an innovative mechanism of financing and
action for tackling climate change, and as an unprecedented organization,
it will be an excellent example for global climate cooperation. The establishment
of the Fund shows how much the Chinese government prioritizes climate change
and supports related industrial development. For more information, visit