PRC’s Carbon Market: Accelerating a Green Economy in the People's Republic of China and Reducing Global Emissions

Adopting a carbon emission trading system provide a theoretical way to solve the problem of inefficient allocation of carbon emission rights and may bring huge potentials for energy saving and emission reduction. This presentation explored the emission reduction effect of carbon emission trading mechanism using DID and PSM-DID measurement methods and city-level data in China from 2004 to 2015. The results show that the implementation of the carbon emission trading system has significant emission reduction effects for the 11 pilot cities studied.

2009-2019 China’s National Solar Photovoltaic Policy Framework – 10 years of Lessons Learned

This presentation illustrated the People's Republic of China’s lessons learned of its 2009-2019 PV policy from an enabling framework perspective. It presented the country's solar journey and describe how the market evolved with different mechanisms, including FIT scheme, subsidy, mandatory trading scheme. VAT tax rebates, land-use fees, guidelines for green financing, etc.

PHOTO GALLERY: World Environment Day 2019: Panel Discussion on Beating Air Pollution, Making Asia’s Cities Livable

A selection of photos taken from the event, World Environment Day 2019: Panel Discussion on Beating Air Pollution, Making Asia’s Cities Livable. The event sought to discuss what additional actions can ADB do to work with its developing member countries (DMCs) to address air pollution. ​

Air Quality Improvement in the BTH Region

In this presentation, Lin Lu outline the PRC's air quality challenges, and what needs to be done to address them. She also shared ADB's approach in the Beijing-Tianjin-Hebei region, identifying the issues encountered and the reform approach and presented specific ADB activities in the PRC that impacts air quality. Ms. Lu emphasized the need for long-term financing and technological support, as well as an approach that is cross-sectoral, pragmatic, and systematic to improve air quality in the BTH region.

International Forum on Low Carbon Development for Central Asia Regional Economic Cooperation Program Cities

Rapid urbanization has been accompanied by increasing demand for energy and natural resources, and consequently disproportionate greenhouse gas (GHG) emissions from cities. Witnessing unprecedented variability in weather conditions, anticipating climate change-induced threat, and recognizing the urgency to act, a historic agreement was made at the United Nations Climate Change Conference of Parties in Paris in December 2015.

Perspectives on PRC's Water Reform Issue

Many cities in the People’s Republic of China (PRC) have grappled with physical and financial challenges in managing water supply and quality primarily because they offer water at highly subsidized rates. To help address this issue, an ADB initiative sought to make water tariffs in PRC market-driven while helping municipal water concessionaires become financially self-sufficient. Despite initial resistance, the project has helped local governments explore tiered pricing systems, gradually raising the profitability of water utilities.