Net Zero Transformation and Innovative Finance Development

Active

The small-scale TA is designed to support technical knowledge and capacity development in the People's Republic of China (PRC). The demand for the TA evolved from the changing regional dynamics in the post-coronavirus disease (COVID-19) environment and the emerging business needs to (i) address climate change impact, and (ii) promote high-quality growth. In particular, the TA will provide innovative financial solutions to address the emerging sectors, including those in which the project commercial bankability is yet to be achieved. These areas include, for example, net zero agricultural transformation, ecosystem conservation and biodiversity on the East Asian-Australasia Regional Flyway, and disaster risk finance, which are ADB's operational priorities from 2023-2025. The TA objective to promote innovative and sustainable finance is aligned with (i) the PRC's 14th Five-Year Plan (2021-2025) and (ii) the ADB country partnership strategy 2021-2025 for PRC. The TA activities will broadly cover climate change mitigation and adaptation, including, but not limited to, low carbon development in the agriculture sector value chain (from seed to food), wetland protection, habitat restoration, carbon sink, ecotourism, public financial management, capital markets development, and/or other related areas. The TA will support policy advice, capacity building, research and development, and knowledge development and dissemination.