China Development Bank could become world's climate bank, if it addresses concerns over coal investments and transparency, blogger says

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Author: 德里米•欧罗茨克,中外对话

“国开行可成为一家“气候银行”, 2020年2月6日

中国国家开发银行(CDB,简称国开行)有机会成为世界上最举足轻重的气候银行,推动向低碳经济转型。

国开行为中国在全球的投资提供支持,这些投资通常是在排放二氧化碳最多的行业… 像国开行这样的发展融资机构在对基础设施项目进行融资决策时所采用的规则可以为减少碳排放设定框架。

中国“一带一路”倡议是全球规模最大、最具雄心的基础设施建设计划,而国开行则是该倡议的主要融资方。国开行是世界上最大的政策性银行…

部分由于其庞大的规模,国开行还是各大开发银行中最大的绿色项目融资者…

国开行在气候友好项目上的巨大投入被其在煤炭领域的持续投资所掩盖…

国开行的规模使其对绿色项目的推动显得尤为重要。此外,作为国际开发性金融俱乐部的一员,该行承诺遵守《巴黎协定》。国开行也是《“一带一路”绿色投资原则》的签字机构之一。

这一进展值得称赞,但如果国开行要实现中国政府提出的“一带一路”可持续发展的官方愿景,并与《巴黎协定》将平均气温升幅控制在2摄氏度以内的目标保持一致,就必须迅速采取行动。

气候变化智库E3G在最新的报告中确定了国开行可以改进的几个领域,其中透明度位居前列。

该报告评估了6个亚洲发展金融机构与《巴黎协定》的一致性…

… 国开行的化石燃料项目融资政策仍不透明。如国开行能承诺终止所有煤炭融资,将表明它正在采取措施,贯彻习近平主席在2019年4月北京第二届“一带一路”国际合作高峰论坛上提出的“开放、绿色、廉洁”理念。

国开行还应详细说明其“绿色增长”愿景将如何转化为经营决策。制定气候变化战略将阐明该行的部门战略如何与其绿色增长的核心价值相一致。

国开行已经将绿色债券融资项目的排放计算在内。它应将这一作法扩展到所有融资活动。各大开发银行已经制定了一套统一的方法来计算温室气体排放,这可以作为国开行的起点。

最后,国开行应将气候风险纳入贷款业务和国家风险分析…

【文章提及亚洲开发银行,亚洲基础设施投资银行和世界银行】

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Author: 德里米•欧罗茨克,中外对话

“国开行可成为一家“气候银行”, 2020年2月6日

中国国家开发银行(CDB,简称国开行)有机会成为世界上最举足轻重的气候银行,推动向低碳经济转型。

国开行为中国在全球的投资提供支持,这些投资通常是在排放二氧化碳最多的行业… 像国开行这样的发展融资机构在对基础设施项目进行融资决策时所采用的规则可以为减少碳排放设定框架。

中国“一带一路”倡议是全球规模最大、最具雄心的基础设施建设计划,而国开行则是该倡议的主要融资方。国开行是世界上最大的政策性银行…

部分由于其庞大的规模,国开行还是各大开发银行中最大的绿色项目融资者…

国开行在气候友好项目上的巨大投入被其在煤炭领域的持续投资所掩盖…

国开行的规模使其对绿色项目的推动显得尤为重要。此外,作为国际开发性金融俱乐部的一员,该行承诺遵守《巴黎协定》。国开行也是《“一带一路”绿色投资原则》的签字机构之一。

这一进展值得称赞,但如果国开行要实现中国政府提出的“一带一路”可持续发展的官方愿景,并与《巴黎协定》将平均气温升幅控制在2摄氏度以内的目标保持一致,就必须迅速采取行动。

气候变化智库E3G在最新的报告中确定了国开行可以改进的几个领域,其中透明度位居前列。

该报告评估了6个亚洲发展金融机构与《巴黎协定》的一致性…

… 国开行的化石燃料项目融资政策仍不透明。如国开行能承诺终止所有煤炭融资,将表明它正在采取措施,贯彻习近平主席在2019年4月北京第二届“一带一路”国际合作高峰论坛上提出的“开放、绿色、廉洁”理念。

国开行还应详细说明其“绿色增长”愿景将如何转化为经营决策。制定气候变化战略将阐明该行的部门战略如何与其绿色增长的核心价值相一致。

国开行已经将绿色债券融资项目的排放计算在内。它应将这一作法扩展到所有融资活动。各大开发银行已经制定了一套统一的方法来计算温室气体排放,这可以作为国开行的起点。

最后,国开行应将气候风险纳入贷款业务和国家风险分析…

【文章提及亚洲开发银行,亚洲基础设施投资银行和世界银行】

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Article
10 February 2020

China Development Bank could become world's climate bank, if it addresses concerns over coal investments and transparency, blogger says

Author: Dileimy Orozco, China Dialogue

“China Development Bank could be a climate bank”, 6 February 2020

China Development Bank (CDB) has an opportunity to become the world’s most important climate bank, driving the transition to the low-carbon economy.

CDB supports Chinese investments globally, often in heavily emitting sectors… The rules applied by development finance institutions like CBD when making funding decisions on infrastructure projects can therefore set the framework for cutting carbon emissions.

CDB is a major financer of China’s Belt and Road Initiative, the world’s most ambitious infrastructure scheme. It is the biggest policy bank in the world…

Partly as a consequence of its size, CDB is also the biggest green project financer of the major development banks…

This huge investment in climate-friendly projects is overshadowed by the bank’s continued investment in coal…

The bank’s scale makes its promotion of green projects particularly significant. Moreover, it has committed to align with the Paris Agreement as part of the International Development Finance Club. It is also part of the initiative developing Green Investment Principles along the BRI.

This progress is laudable but CDB must act quickly if it is to meet the Chinese government’s official vision of a sustainable BRI and align itself with the Paris target of limiting global average temperature rise to 2C.

In its latest report, the climate change think-tank E3G has identified several areas where CDB could improve, with transparency high on the list.

The report assesses the alignment of six Asian development finance institutions with the Paris Agreement…

… CDB’s policies on financing fossil fuel projects remain opaque. A commitment to end all coal finance would signal the bank is taking steps to align its financing activities with President Xi Jinping’s high-profile pledge that the BRI would be “open, green and clean”…

CDB should also detail how its “green growth” vision will translate into operational decisions. Producing a climate-change strategy would set out how the bank’s sectoral strategies will align with its core value of green growth.

CDB already accounts for emissions from projects financed by green bonds. It should extend this practice to all financing activities. The major development banks have already developed a harmonised approach to account for greenhouse gas emissions, which could be a starting point for CDB.

Lastly, CDB should integrate climate risks into lending activities and country risk analysis…

[Also referred to Asian Development Bank, Asian Infrastructure Investment Bank and World Bank]

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