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CCICED SPS on Ecological Compensation and Green Development Institutional Reform in the Yangtze River Economic Belt Launched in Beijing

2019-11-25author:source:

  The inception meeting of CCICED Special Policy Study (SPS) on Ecological Compensation and Green Development Institutional Reform in the Yangtze River Economic Belt was launched in Beijing on the morning of November 21, 2019. Ms. YU Fang, Director of Center for Environmental Auditing, the Chinese Academy of Environmental Planning chaired the meeting, and Mr. ZHANG Qingfeng, Chairperson of Water Sector Group, Asian Development Bank, delivered an opening address. About 50 participants, including Chinese and international experts, CCICED partners, and representatives from the Secretariat, attended the meeting.

 

  The meeting marked the inception of the second phase of the CCICED SPS on Ecological Compensation and Green Development Institutional Reform in the Yangtze River Economic Belt. The research topic for Phase II of the SPS is Natural Ecological Capital Accounting and Green Financing. Participating experts had heated discussion on the scope, approaches, and focus of the research, after which tasks, timelines and proposed outcomes were formulated.

 

  The SPS will continue the research on green development institutional reform in the Yangtze River Economic Belt, addressing the challenges on gaps in standards on eco-compensation and lack of innovation in green finance. It will focus on innovations in mechanisms and policies regarding natural ecological capital accounting and green financing, and works on developing an accounting framework and methods for natural ecological capital in the Yangtze River Economic Belt, developing norms and standards for natural ecological capital accounting. The research project will also conduct research on the policy implementation, with green financing as the core of natural ecological capital accounting. Outcomes of the research will serve as policy recommendations to incorporate natural ecological capital accounting into the strategic decision-making for Yangtze River Economic Belt, and possibly be applied also to the protection of the Yellow River Basin.

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