Green Energy Schemes for Low-carbon City in Shanghai, China

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The higher-level global environment objective of the Green Energy for Low-Carbon City Project in Shanghai Project for China is to support Shanghai's low-carbon city development by promoting green energy schemes, with a focus on Changning district. The project has two components: a) a technical assistance and incremental support for near zero-emission buildings component funded by a Global Environment Facility (GEF) grant; and b) a low carbon investments component funded by an International Bank for Reconstruction and Development (IBRD) loan. The GEF component will primarily provide technical assistance and capacity building activities on policies, financing mechanisms, business models of the key abatement options identified in the abatement cost curve (green energy buildings, clean energy supply, and green transport) to support the Changning district government achieving its carbon intensity reduction target. It will also cover part of the incremental cost for a pilot near zero-emission building. The IBRD loan will focus on low carbon investments in buildings as the bulk of emission reductions in Changning district will come from building retrofit.