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Project Contract “Study on Beijing Green Finance Development Strategy” signed between SCII and ADB

On 2nd Dec. 2011, Sino Carbon Innovation Investment has signed “Study on Beijing Green Finance Development Strategy” project contract with Asian Development Bank (ADB) in Asian Development Bank PRC Resident Mission. Meantime, SCII, ADB and China Beijing Environment Exchange (CBEEX) have signed the Minutes of Contract Negotiations.

This is the first technical assistance project in the field of Chinese carbon finance supported by ADB. The project is for two years, and the general objective of the project is to provide policy recommendations and advice to promote the establishment of the pilot carbon finance district (CFD). The executing agency of the project is The Beijing Municipal Bureau of Financial Work and the implementing agency is CBEEX. The achievement of the project will supported the establishment of Beijing Green Financial Business District in Dongcheng District and “low carbon global city”. In addition, the project will also cooperate the implementing of the developing of carbon trading pilot in Beijing.