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China CDM Fund Management Center Signed Green Innovation Investment Cooperation Agreement with Inner Mongolia Autonomous Region Finance Department,Ind

2020-04-14

China CDM Fund Management Center Signed Green Innovation Investment Cooperation Agreement with Inner Mongolia Autonomous Region Finance Department,Industrial Bank Hohhot Branch, and China Everbright Bank Hohhot Branch Respectively.

Recently, China CDM Fund Management Center (hereinafter referred to as “the CDM Fund”) signed Green Innovation Investment Cooperation Agreement with Inner Mongolia Autonomous Region Finance Department,Industrial Bank Hohhot Branch, and China Everbright Bank Hohhot Branch Respectively.

The CDM Fund is a policy-oriented fund established upon national approval and operated in market fund approach, with the aim of supporting national efforts in addressing climate change and promoting sustainable development of the economy and society. As a supplementary funding mechanism of national finance support to green and low-carbon development, the CDM Fund gives full play to the role of bridgingthe government and the market, public finance and finance, international and domestic affairs, and through clean development concessional loans (hereinafter referred to as the "clean concessional loan") and other paid-use ways to lead and leverage market funds to support green and low-carbon cyclic development. By the end of March 2020, the CDM Fund had implemented 314 clean concessional loan projects in 27 provinces, municipalities and districts in China, with a total loan of RMB 19.2 billion, and leveraged social capital of near a hundred billion RMB.

The Green and Innovative Investment Business is an innovation based on years of experiences in traditional model of clean development concessional loan  in cooperation with provincial financial departments. It brings in financial institutions to share risks and is initiated by three parties jointly to support local green low-carbon development, energy conservation and emission reduction, and other project-based debt investment businesses that are conducive to generating effects of addressing climate change.

According to the Green and Innovative Investment Business model of the Agreement, the Inner Mongolia Autonomous Region Finance Department is responsible for organizing project application, the CDM Fund provides policy concessional funds, the cooperative bank issues demand financing guarantees for the project, while project enterprise obtains concessional loans.

The cooperation in “Green and Innovative Investment Business” landed in Inner Mongolia signifies that under the new situation, the CDM Fund, Inner Mongolia Autonomous Region Finance Department, Industrial Bank Hohhot Branch, and China Everbright Bank Hohhot Branch will continuously strengthen cooperation to build up mechanism conducive to Inner Mongolia’s efforts in energy-saving and emission reduction, as well as green low-carbon industrial development. Concerned parties will take the opportunity as a new beginning to actively respond to the call of the Party Central Committee on construction of ecological civilization, and further exert respective advantages and professional capabilities to jointly boost the industrial transformation and low-carbon development  of Inner Mongolia Autonomous Region.


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