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channel for climate capital transfer who is mainly from the grants of
the countries, international tax revenue, loan, fund from capital market
and charitable donation, etc. At present, the multilateral fund winning
greatest concern is the capital mechanism under the United Nations
Framework Convention on Climate Change (UNFCCC), mainly
including the Global Environmental Facility (GEF), Adaptation Fund
(AF), and Green Climate Fund (GCF). Besides, the agencies of the United
Nations, multilateral development banks, the EU, and some bilateral
institutions have also set up climate funds. However, on the whole, the
multiple climate funds supporting China’s climate change programme
are mainly GEF and the Special Climate Change Fund (SCCF) that
have supported a few programmes. The other multilateral funds
have not carried out any programmes in China. In the future, China
should more actively participate in the negotiation with multilateral
climate funds, in particular, the GCF that will play an important role
in the future. It is suggested that the Central government should set
up a joint coordinated mechanism with local governments to promote
communication between the local governments and multilateral funds
and create more financial channels for the local governments.
2.5.2 Grant
Grants are also important instruments for international institutions
adopted to support China’s climate change programmes, in particular,
the technical assistance and competency construction programmes. For
instance, the ‘Provincial Energy Efficiency Development Program’ of
WB/GEF with a grant amount of USD 13.4 million is jointly carried out
by Shanxi, Shandong, and Jiangxi. The three provinces shall carry out
the study on energy-saving supervision and monitoring system, energy
information scheduling supervision and data processing analysis
system, energy-saving technique service system supervision and
management system, and energy-efficiency evaluation management
system on newly built industrial programmes and energy-saving finance
and tax system by using GEF grant. The programme will, by virtue of
internationally advanced energy-saving experience and management
ideology, improve the competency construction and system study of
provincial governmental authorities so that the energy efficiency system,
mechanism, experience, technologies, and programmes could be widely
accepted and then taken as a model for national energy-saving work.
As for international development financial institutions, grants
would always be used with other public fiscal mechanisms so as to
lever more private capital. Compared with the traditional sectors,
126 Low Carbon Development in China and India
the countries, international tax revenue, loan, fund from capital market
and charitable donation, etc. At present, the multilateral fund winning
greatest concern is the capital mechanism under the United Nations
Framework Convention on Climate Change (UNFCCC), mainly
including the Global Environmental Facility (GEF), Adaptation Fund
(AF), and Green Climate Fund (GCF). Besides, the agencies of the United
Nations, multilateral development banks, the EU, and some bilateral
institutions have also set up climate funds. However, on the whole, the
multiple climate funds supporting China’s climate change programme
are mainly GEF and the Special Climate Change Fund (SCCF) that
have supported a few programmes. The other multilateral funds
have not carried out any programmes in China. In the future, China
should more actively participate in the negotiation with multilateral
climate funds, in particular, the GCF that will play an important role
in the future. It is suggested that the Central government should set
up a joint coordinated mechanism with local governments to promote
communication between the local governments and multilateral funds
and create more financial channels for the local governments.
2.5.2 Grant
Grants are also important instruments for international institutions
adopted to support China’s climate change programmes, in particular,
the technical assistance and competency construction programmes. For
instance, the ‘Provincial Energy Efficiency Development Program’ of
WB/GEF with a grant amount of USD 13.4 million is jointly carried out
by Shanxi, Shandong, and Jiangxi. The three provinces shall carry out
the study on energy-saving supervision and monitoring system, energy
information scheduling supervision and data processing analysis
system, energy-saving technique service system supervision and
management system, and energy-efficiency evaluation management
system on newly built industrial programmes and energy-saving finance
and tax system by using GEF grant. The programme will, by virtue of
internationally advanced energy-saving experience and management
ideology, improve the competency construction and system study of
provincial governmental authorities so that the energy efficiency system,
mechanism, experience, technologies, and programmes could be widely
accepted and then taken as a model for national energy-saving work.
As for international development financial institutions, grants
would always be used with other public fiscal mechanisms so as to
lever more private capital. Compared with the traditional sectors,
126 Low Carbon Development in China and India
