Environmental Engineering Reference
In-Depth Information
Table 10.1
EU Financial Investment in Sino-EU Climate Change and Clean Energy Major
Projects (million Euros per unit)
Project
Budget
EU Investment Bank's loan to National Climate Change Projects
500
Energy and Environment Project
45
Sino-EU CDM Promotion Project (2007-2010)
3
Sino-EU Environmental Management Project (2008-2010)
15
Sino-EU Clean Energy Center
10
Sino-EU Clean and Renewable Energy Academy
10
Cooperation Research Framework Project 6, 7
12
Near-Zero Emissions coal-fired plant
50
Total
633
Source: Freeman and Holslag [
1
]
new development
trend on the second Conference of Bilateral Negotiation
Mechanism.
21
According to the Sino-EU Climate Change Partnership Plan, the EU Investment
Bank provided 500 million euro loan to China to support the National Climate
Change Program by the State Reform and Development Commission with the focus
on the renewable energy and energy efficiency program, CCS and forestation, etc.
22
Another partnership project is Sino-EU CDM Promotion Project (2007-2010)
with the EU investment of 2.8 million Euros (to be elaborated on later).
The Sino-EU Environment Management Program was launched by the two
parties in 2008. The EU provided 15 million Euros in funding to help Chinese
government, especially local institutions, enhance their environmental policies and
law-enforcement ability, environmental consciousness and mobility of public and
entrepreneurs.
23
In addition, the EU provided assistance for around ten local
governments in formulation of climate change plans together with UN
organizations. All of them facilitated the emissions- reduction mechanism and
capacity building in China.
24
Another two key projects are Sino-EU Clean Energy Center and China-EU
Institute for Clean and Renewable Energy to promote long-term clean energy
21
Ministry of Foreign Affairs( China): The Sino-EU Rolling Work Plan on Climate Change
Partnership, 2006.10.19, Beijing, website of MFA:
http://www.fmprc.gov.cn/chn/gxh/zlb/zcwj/
22
EUR 500 million to support climate change mitigation in China, European Investment Bank, 28
mate-change-mitigation-in-china.htm
. The settled loan from the contract was 311 million euros
until 2011.5.20, see from the European Investment Bank database: “Projects to be financed”,
¼
¼
¼
23
EU-China Environmental Governance Programme(EU fund accounts for 80 % of the total)
¼
¼
¼
