Page 101 - Low Carbon Development in China and India
P. 101
Concessional loans and grants can constitute a major financial source
of the aid from international bilateral and multilateral organizations
to develop low carbon economy in both China and India. The green
credit of international organizations can provide proper financial
and technical support for development banks and commercial
banks in developing countries, help them with capacity building,
overcome the obstacles facing the private sector when investing in
climate related sectors, and then provide extra financing sources for
local governments. In addition, China and India can provide more
incentives for investment in low carbon economic sectors suitable to
their own development characteristics, and attract foreign capital to
promote the development of low carbon technologies with different
forms of convenience and preferential policies.
1.5.4 Formulating and Implementing Sectoral Strategies
to Promote Low Carbon Technology Development and a
Low Carbon Future
Promoting the development of low carbon technologies and realizing
a low carbon future in both China and India requires a combination
of national, local, and targeted sectoral strategies in a systematic way.
This includes industrial policy, investment policy, innovation and
R&D policy, labour skill policy, and resilience and climate adaptation
policy.
In terms of industrial policies, both China and India can:
1. In the power sector, reduce electricity demand by use of more
efficient appliances, introduction of more fuel efficient power
plants and changes in the mix of power plants;
2. In the transport sector, increase fuel efficiency of vehicles, promote
mass transport for passenger movement, facilitate non-motorized
transport and developing goods transport by railways;
3. Among industrial sectors, reduce emissions through change in
technology in the steel, cement, oil and gas sectors, and reduce
energy needs of commercial buildings; and
4. In the forestry sector, increase the forest and tree cover, the stock,
volume and density of existing forests.
1.5.5 Strengthening Governance and Developing
Capacity to Monitor, Implement and Enforce Low Carbon
Technology Development Policies Effectively
The capacity of a country to develop and adopt low carbon technologies
is very crucial to its low carbon development. This includes developing
66 Low Carbon Development in China and India
of the aid from international bilateral and multilateral organizations
to develop low carbon economy in both China and India. The green
credit of international organizations can provide proper financial
and technical support for development banks and commercial
banks in developing countries, help them with capacity building,
overcome the obstacles facing the private sector when investing in
climate related sectors, and then provide extra financing sources for
local governments. In addition, China and India can provide more
incentives for investment in low carbon economic sectors suitable to
their own development characteristics, and attract foreign capital to
promote the development of low carbon technologies with different
forms of convenience and preferential policies.
1.5.4 Formulating and Implementing Sectoral Strategies
to Promote Low Carbon Technology Development and a
Low Carbon Future
Promoting the development of low carbon technologies and realizing
a low carbon future in both China and India requires a combination
of national, local, and targeted sectoral strategies in a systematic way.
This includes industrial policy, investment policy, innovation and
R&D policy, labour skill policy, and resilience and climate adaptation
policy.
In terms of industrial policies, both China and India can:
1. In the power sector, reduce electricity demand by use of more
efficient appliances, introduction of more fuel efficient power
plants and changes in the mix of power plants;
2. In the transport sector, increase fuel efficiency of vehicles, promote
mass transport for passenger movement, facilitate non-motorized
transport and developing goods transport by railways;
3. Among industrial sectors, reduce emissions through change in
technology in the steel, cement, oil and gas sectors, and reduce
energy needs of commercial buildings; and
4. In the forestry sector, increase the forest and tree cover, the stock,
volume and density of existing forests.
1.5.5 Strengthening Governance and Developing
Capacity to Monitor, Implement and Enforce Low Carbon
Technology Development Policies Effectively
The capacity of a country to develop and adopt low carbon technologies
is very crucial to its low carbon development. This includes developing
66 Low Carbon Development in China and India
