Project Title

Promoting Innovative Green Financing Mechanisms for Sustainable Urbanization and Quality Infrastructure Development in APEC Region 

Project Year

2016   

Project Number

EWG 09 2016A 

Project Session

Session 1   

Project Type

Standard 

Project Status

Project in Implementation   
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Project No.

EWG 09 2016A 

Project Title

Promoting Innovative Green Financing Mechanisms for Sustainable Urbanization and Quality Infrastructure Development in APEC Region 

Project Status

Project in Implementation 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: Energy Efficiency 

Project Year

2016 

Project Session

Session 1 

APEC Funding

128,173 

Co-funding Amount

48,300 

Total Project Value

176,473 

Sponsoring Forum

Energy Working Group (EWG) 

Topics

Energy 

Committee

SOM Steering Committee on Economic and Technical Cooperation (SCE) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

China 

Co-Sponsoring Economies

Hong Kong, China; Singapore 

Expected Start Date

01/08/2016 

Expected Completion Date

31/07/2017 

Project Proponent Name 1

Dr Yuan Yao 

Job Title 1

Vice General Manager 

Organization 1

CECEP Green Carbon (Beijing) Investment and Development Co Ltd 

Postal Address 1

1 East Chang’an Ave, Oriental Plaza E1-1910, Beijing, China 100738 

Telephone 1

86-186 00855213 

Fax 1

Not Applicable 

Email 1

yaoyuan@shineaset.com 

Project Proponent Name 2

Not Applicable 

Job Title 2

Not Applicable 

Organization 2

Not Applicable 

Postal Address 2

Not Applicable 

Telephone 2

Not Applicable 

Fax 2

Not Applicable 

Email 2

Not Applicable 

Declaration

Dr Yuan Yao 

Project Summary

The project aims to promote innovative green financing mechanisms for sustainable urbanization and quality infrastructure development in APEC economies. It will research the existing but less known financing mechanisms and integrate them with PPP and other mechanisms, encourage communications through different parties, identify the successful experience that are effective and applicable to more than one economies, provide a platform for experience sharing and lessons learning, and building capacity for APEC economies to utilize effective financing mechanism to support quality infrastructure development and sustainable urbanization.

The project will commence in August 2016 and last for a year. The team is based in Beijing. Most of the research and communication with be conducted electronically, with occasional travels to other cities for demo projects. At least one workshop will be held in Q2 2017 in Beijing.

Relevance

The proposed project seeks to promote innovative and creative financing and investing mechanisms to support sustainable urbanization and smart city in China and other APEC economies. The project is directly related to the objectives of promoting “quality infrastructure development and financing in the APEC region”, “promoting innovative growing, inclusive and sustainable development in the region”, “to foster and nurture public-private partnerships that will encourage the adoption of appropriate standards for critical energy infrastructure” that were emphasized in Beijing APEC Summit in November 2014, 2015 APEC Finance Ministers’ Statement and 2015 Cebu APEC Energy Ministerial Declaration.

Various economies can benefit from this project. Many APEC economies, such as China, Philippine, Thailand, and etc., are experiencing booming urbanization. The innovative financing mechanisms, including PPP, can support the APEC economies with their transition into green, sustainable, energy-efficient, and low-carbon urbanization. The actual low-carbon and energy efficiency technologies can be different from areas to areas, but the core financing and investing mechanisms will be similar and applicable to many economies.

The proposed project falls under “Rank 1: Infrastructure Development and Investment, including through PPP”. The project mainly focuses on innovative financing mechanisms that will assist the economies with smooth urbanization, infrastructure development and investment is an important part of urbanization. The Public-Private Partnership financing is widely supported throughout APEC economies, but there are many other creative and innovative financial mechanisms that worth promoting to supplement the PPP mechanisms. This project will provide an opportunity for the government, research institutes, and industrial experts and pioneers to share their experience in innovative and effective financing mechanisms and investment.

It is also linked to “Rank 1: Internet Economy” and “Rank 2, Sustainable Growth: urbanization to growth, including smart city and live-friendly cooperation”. The project does not directly invest or research in Internet economy and sustainable growth, rather, it focuses on how to stimulate the APEC economies to invest into these two areas.

Objectives

1) The project will establish a platform among APEC economies to share experience and integrate the resources in innovative financing and investment in fostering an energy efficient society; 

2)   The project will develop a package of financing mechanism and/or models for APEC region with recommendations in how to effectively support the sustainable development of energy, sustainable urbanization and quality infrastructure development; 

3) The project will host workshops and forums and provide trainings to build capacity in PPP and other innovative financing mechanisms for the workshop participants.

Alignment

The project is in alignment with 2014 APEC leaders’ declarations of“We commit to solve the financing bottleneck of infrastructure development. We commend the work and progress accomplished under the APEC Finance Ministers' Process (FMP) in infrastructure investment and financing cooperation” and “We recognize that the Asia-Pacific is currently experiencing booming urbanization. We realize that sustained and healthy development of urbanization is conducive to promoting innovative growth and realizing robust, inclusive and sustainable development in the Asia-Pacific”. The project also aligns with the “promoting energy trade and investment frameworks to regional energy security and to sustainable economic growth” goal that was stated in the 2015 APEC Energy Ministerial Declaration. 

The project will identify the existing and emerging innovative financing mechanism that encourages and attracts private capitals into investing infrastructure development during the booming urbanization process with strong preference in green and low carbon approaches and provide capacity building to promote the effective mechanisms among other APEC economies.

The project is aligned with the “promoting energy efficiency and sustainable communities” and “enhancing trade and investment in all energy sources to promote economic prosperity” stated in EWG’s 2014-2018 Strategic Plan. Based on project team’s current observation, there are some innovative financing and investment product to attract private capital into investing sustainable communities and renewable energy sources. The project will identify more similar product and solutions and seek a model to integrate the private capital with public efforts to promote sustainable and energy-efficient urbanization.

TILF/ASF Justification

The project will directly provide capacity building through different forms of educational programs including experience sharing workshops, trainings, and publications. It will research the successful stories of innovation in green financing mechanisms and applications in promoting the construction of energy efficient society, and study the feasibility and flexibility of these practices. Experiences and practices that can be widely adapted will be reported and shared with APEC developing economies. Representatives including government officials, academic researchers, expects in financial field and industrial partners from APEC developing economies are invited to attend these programs with the purpose of bringing back the knowledge, experience and best practices to their economics to assist their sustainable urbanization development with green financing mechanism.  

The project will also build connections among APEC economies with mutual targets of sustainable urbanization and quality infrastructure development. It will develop a contact list of the person of interest for electronic communications, and create in-person communication opportunities by bring all shareholders together at the workshops and training events.

Beneficiaries and Outputs

Outputs: This project will create a series of products. It will first establish a resource database containing identified key institutes, organizations, industrial companies with relevant experience or needs. In addition to contact information, the database will later include the best practices and lessons learned from individuals, firms, and organizations on green financing mechanisms. 

In the fourth quarter of this project, a workshop will be held to invite relevant parties to give presentations and speeches on their experience, followed by two possible trainings on best practices in financing mechanism designs that can effectively engage private capital to preferably invest in green infrastructure construction and energy efficient urbanization projects. 

The project will then consolidate meeting notes, gather participants feedback and review, and prepare a research report on improved financial mechanisms for sustainable energy. The research report will include recommendations and best practices for the policy makers and market sectors on how to building a financial environment to facilitate the green and sustainable transition of the urbanization process of developing economies. 

Outcomes: The project expects to arise public awareness and engagement in the green financing of the sustainable urbanization and quality infrastructure development. At present, the prevailing opinion of the society believes that green and energy efficient projects require much higher initial investment and longer payback periods, and the infrastructure development and urbanization planning rely on government’s decisions and preference. The project will provide stories and case studies in which capital resources from private sectors are successfully involved in the urbanization and infrastructure development. 

In the medium and long term, the project expects the private sectors from more and more regions in developing economies are willingly to participate in the urbanization and quality infrastructure development that gives preference to green technologies, energy efficient designs, and sustainable products. Benefited from well-designed financial mechanism, the private sectors can gain economical payments as well as public images of social responsibility. 

Beneficiaries: The objective participants will include but not restrict to the following groups:

APEC economy policy-makers and government officials (such as NRDC, financial ministries of APEC economies and etc.) , research institutes (universities, NCSC), financial institutions (funds, banks, private investors) , consulting firms (IFC, E&Y, NDRC, WRI, Syntao...) , green real estate developers (Modernlands, Landsea, Lendlease, Lennar...), industrial companies (IBR, Dow, 3M, Lutron....) that are tightly related renewable energies, green supply chains, and other sustainable service or product providers. 

Participants with experience in developing and promoting innovative financial mechanisms including PPP and green financing will provide training and experience sharing with other participants that are in need of capacity building in related realm.

Dissemination

The research report will be published on CECEP’s and APEC’s website for reference and for widespread usage and saving cost. 

Hard copies will be provided to all the workshop’s participants. Electronic publication will also be used to disseminate the workshop documents widely.  APEC’s official website will be the main one to upload the documents. The project team will also encourage other key institutes that are involved in the project to share the reports on their websites and newsletters. 

The target audience includes those who directly or indirectly work in the fields of urban planning, new and renewable energy, energy efficient services, city development, and real estate in developing APEC member economies. Policy makers, academic researcher, financial institutes, listed and private enterprises, and other players involved in urbanization process are the key audience of the report. 

There is no intention to sell outputs arising from this project.

Gender

The project advocates to gender equality in its development and implementation. Women are involved in the development of this proposal, and both men and women will get equal opportunity to participate in the project later phases. The project preparation, research, consultation, communication and report preparation will be performed by both male and female researchers. 

Female participation as speakers or trainers to the workshops and trainings will be encouraged while outreaching to the related firms and organizations. The organizers will disseminate information and invitation to as many women as possible. At least 30% of the speakers will be women. 

In the meanwhile female industry leaders will be prioritized to be invited as speakers to the workshops and trainings. Among other criteria such as expertise, experiences, contributions to the industry, female leaders will be prioritized to join and be funded to attend the workshops. At least 30% of the industrial leaders will be women.

Work Plan

The project is scheduled to be undertaken from August 2016 to July 2017, with the following timeline:

Aug 1-Sep 15, 2016: Structure a framework of the project. Develop a detailed work plan by Sep 15

Sep 15-Dec 31, 2016: Research and identify existing innovative financing mechanisms, identify key institutes, organizations, industrial companies with relevant experience or needs, and identify key personnel. Develop a resource database frame by Mid Oct, and constantly update the database with gathered information.

Jan 1-Mar 31, 2017: Initiate communications among suitable parties to encourage cooperation, and identity opportunities to R&D in sound and more effective mechanisms. Consolidate meeting notes, and prepare a research report on improved financial mechanisms for sustainable energy.

Apr 1- May 31, 2017: Host conferences and forums for experience sharing, and conduct the training program and promotion activities. The tentative conference date is May 15, 2017, 2 more trainings will be arranged in other cities following the conference.

Jun 1- Jul 31, 2017:Gather participants feedback and review, prepare publication preparation and distribution, the research report and conference material will be published by Jul 31.

Risks

One of the risks is to ensure a selection of good speakers to provide informative and useful workshop and trainings. The project will hire external researchers to help identify the most appropriate firms and organizations for experience sharing. The candidate pool is consisted of authority officials to represent government, representatives from multinational corporations, big enterprises and investors that are involved in financing energy efficient projects, academics and experts from other relevant organizations. The project aims to provide points of views from all stakeholders to lead to unbiased and resilient outcomes. The project will work closely with co-sponsoring economies and other APEC organizations to identify the best candidates. 

A second risk is to find the right participants to the workshops and trainings. The project has preliminarily identified the participants as government officials who are directly or indirectly involved in the policymaking, management or implementation of urbanization and infrastructure development process. Academic and economic experts with good background and experiences in this field and business sectors are also should be included in the workshops and trainings. The project will survey the participants’ questions and needs before the workshops and trainings to make sure the hosted workshops can provide the best information to the participants, so they are likely to disseminate the project outcomes to other people. 

The third risk is that there may not be widely available green financing mechanisms. The project team has learned that there have already been some green financing mechanisms that are different from PPP in China. The project team will explore more cases in other APEC economies in the first qaurter. If there are indeed not many successful mechanisms, the project will study the difference among the social and economic environment in APEC economies and help them to adapt the mechanisms that are successful in China.

Monitoring and Evaluation

The project will be evaluated by the following indicators: the numbers of organizations or firms to be interviewed (at least 20 ), the numbers of innovated financing mechanisms or products surveyed (at least 5) the numbers of workshops hosted, (at least one workshop, plus two trainings)  the number of talks and case studies presented (at least ten talks, five case studies), the number of publications made (one final report, one interim report if necessary), the number of participants in the workshops and trainings (at least 100, at least 30% of the attendees are female), and the satisfaction rate of participants (more than 75%). 

The project will collect the above information before, at the time of, and after the workshops. The attendance rate, gender ratio, and participants’ stats will be calculated after the event. Surveys and questionnaires will be sent out to the participant, including the speakers and trainers to collect their feedback of the workshops through free online questionnaire websites.

Linkages

Any APEC or non-APEC stakeholders with an interest in innovative financing mechanisms can participate and benefit from this project. PPP projects and its capacity building will be studied as part of this project, but the team will extend research in similar yet different mechanisms engage private capitals into the quality infrastructure development and sustainable urbanization process and can provide synergetic benefits to more than on parties. The project will need input from teams with different background in infrastructure development, sustainable urbanization, financing and investment, low car strategies, and will provide cross fora communications and collaboration. 

APEC previous projects Project EWG 21 2012A (APEC workshop on Best Practices on Financing Renewable Energy) and EWG 02 2014A (APEC Public-Private Dialogue on Addressing Impediments in Financing Renewable Energy) provide great foundation for this proposal, with a pool of contacts and experience for financing renewable energy. While the two Viet Nam projects focuses specifically on renewable energy and emphasized input from public sector and policy makers, this proposal goes deeper into engaging investment from private sectors and extends to facilitating infrastructure development and sustainable urbanization with strong preference of new and renewable energy product and technology application.

The work of Professor Zhu Li from APSEC and Dr. Chern Jyuung-Shiauu of APEC Green Energy Financing Initiative can provide valuable information and resources to this project. The project team will work closely with them to avoid overlap, and further extend the existing database and platform. Dr. Yao, the PO of this project will attend the meeting in Taiwan this August and share some preliminary findings of the project. Dr. Yao will also take this opportunity to discuss the best way to present project outcome, it is possible that this project will provide new content to ESCI-KSP rather than establishing a new database.

Sustainability

Following the workshops and trainings of this project, participants are expected to have a deep understanding of the importance of green financial mechanisms in facilitating the sustainable urbanization and quality infrastructure development. It also provides the opportunity for the participants to share, discuss experiences in promoting an energy efficient society. In particular, the participants from the public sectors might be able to consider, compare, analyze and recommend to the policy makers how to improve the regulations to guide and encourage private funding to preferably invest in the low carbon society construction. For those from the private sector, it is a good opportunity for them to learn that investing in green projects can be economically beneficial to themselves as well. 

To make sure that the project meets its long-term objectives, the project will continue to monitor the urbanization process of the participating economies. The project will learn from public sources of information as well as private communications to check if these developing economies have established similar mechanisms to meet the financial needs to foster a green and energy wise society.  Surveys will be conducted through contacting workshop participants in 6 months after the project closes. The PO will be responsible for the surveys, and provide updates to the database (either self developed or ESCI-KSP. The project will also look into the differences between APEC member economies’ financial capacity and national/domestic policies in financing especially green financing to further create better outcomes to achieve the common goal of long-term PPP in green financing for sustainable development. 

The project may consider proposing a follow-up project based on the participants’ recommendations and feedback.

Project Overseers

Name:  Mr. Yuan YAO              

Title:  Vice General Manager

Organization:  CECEP Green Carbon (Beijing) Investment and Development Co., Ltd.

Postal address:  1 East Chang’an Avenue, Oriental Plaza E1-1910

Tel:  +86-186-0085-5213       E-mail:  yaoyuan@shineasset.com

Cost Efficiency

Not Applicable.

Drawdown Timetable

Not Applicable.

Direct Labour

Not Applicable.

Waivers

Not Applicable.

Are there any supporting document attached?

No 
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Version HistoryVersion History

Project No.

Project Title

Project Status

Publication (if any)

Fund Account

Sub-fund

Project Year

Project Session

APEC Funding

Co-funding Amount

Total Project Value

Sponsoring Forum

Topics

Committee

Other Fora Involved

Other Non-APEC Stakeholders Involved

Proposing Economy(ies)

Co-Sponsoring Economies

Expected Start Date

Expected Completion Date

Project Proponent Name 1

Job Title 1

Organization 1

Postal Address 1

Telephone 1

Fax 1

Email 1

Project Proponent Name 2

Job Title 2

Organization 2

Postal Address 2

Telephone 2

Fax 2

Email 2

Declaration

Project Summary

Relevance

Objectives

Alignment

TILF/ASF Justification

Beneficiaries and Outputs

Dissemination

Gender

Work Plan

Risks

Monitoring and Evaluation

Linkages

Sustainability

Project Overseers

Cost Efficiency

Drawdown Timetable

Direct Labour

Waivers

Are there any supporting document attached?

hdFldAdmin

Project Number

Previous Fora

Secretariat Comments

Reprogramming Notes

Consolidated QAF

Endorsement By Fora

PD Sign Off

Batch

Forum Priority

Committee Ranking Category

Committee Priority

PDM Priority

Priority Within Funding Category

Monitoring Report Received

Completion Report Received

PMU Field 1

PMU Field 2

PMU Field 3

On Behalf Of

Proposal Status

Originating Sub-Forum

Approval Status
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