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2016-06-14
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From June 6 to 8, the CDM Fund Concessional Loan Management Training Program for the financial departments of Yunan was successfully held in Kunming. At the opening ceremony, Cai Qiong, head of Regional Finance Office of Department of Finance of Yunan Province, Li Xiangyun, Director of the Department of Investment of CDM Fund Management Centre, and Tian Dongmei, Deputy Director General of Yunan Fiscal Scientific Research and Education Center, attended and delivered speeches. The training was participated by 60 representatives from the financial bureaus of 16 autonomous prefectures (and prefecture-level cities) and counties directly under the supervision of the provincial government.
China CDM Fund (“CDM Fund”) is an innovative result achieved by the Chinese government in actively participating in international climate cooperation. And concessional loans are the most important type of investments made by CDM Fund. CDM Fund Management Centre entrusts Chinese or Chinese holding banks to provide concessional loans to projects that help contributing to addressing climate change through local public financial departments, for the purpose of addressing climate change and promoting green low carbon development. At present, Yunan is fully implementing the development strategy of “strive to take the lead in the building of an ecological civilization” that was put forward by President Xi Jinping during his inspection in Yunan. In order to realize that goal, the financial departments at all levels in Yunan need to make concrete efforts in various fields. Therefore, it is of great realistic significance to vigorously conduct CDM concessional loans work throughout the whole province to further promote the green, low carbon and sustainable development in Yunan. In 2014, Wanfeng Hydroelectrical Development Company of Mojiang County, Yunan obtained a concessional loan for the construction of Xuanxiu Hydropower Station from CDM Fund, marking the first approval of a concessional loan in Yunan. While the project is gradually displaying greater demonstrating and guiding effect, there are still problems, including inadequate project reserves, relatively small size and number of concessional loans, shortage of knowledge of CDM Fund concessional loans at the prefecture level.
This training program has built a platform for exchanges between CDM Fund Management Centre, Department of Finance of Yunan and the financial bureaus of the prefectures. It expanded the thinking, broadened the horizons and enriched the theoretical knowledge of the financial officials related to CDM concessional loans throughout Yunan. It also enhanced and guided the CDM concessional loan project management capacity of the related financial officials as well as the project operation efficiency. Next, Yunan will pay close attention to the policy orientation of CDM Fund, better understand and strengthen the promotion of the relevant policies, actively expand the scope of CDM projects, enlarge the investments and increase the size of loans. Yunan will focus on the projects and emphasize utilization of funds, continue to accumulate CDM concessional loan project management experience, and make good use of the relevant policies to promote low carbon economy in Yunan.
The training was strongly supported by China CDM Fund Management Centre and Department of Finance of Henan Province. Relevant officials and experts gave lectures and provided case studies and Q&A discussions on a wide range of issues, including the background and application process of CDM concessional loans, project selection and document preparation, risk control and performance evaluation, risk prevention at the local financial level and counter guarantee and so on.
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