The hottest low-carbon city in the 13th five year

Low carbon cities in the 13th five year plan may need to invest 6.6 trillion yuan to focus on three key areas

low carbon cities in the 13th five year plan may need to invest 6.6 trillion yuan to focus on three key areas

China Construction machinery information

in the field of clean energy, China needs to invest 500billion yuan (about 77billion US dollars) to develop distributed solar PV before 2020 to achieve the low-carbon development goal

on June 7, at the second China US climate smart/low-carbon cities summit, Zhang Yong, deputy director of the national development and Reform Commission, said that China and the United States have great potential for cooperation in the field of low-carbon cities, and China will further expand the low-carbon pilot to 100 cities

Zhang Yong said that China and the United States can strengthen cooperation in low-carbon city construction in three areas

first, in the construction of low-carbon cities. China encourages and supports the cities of the two countries to strengthen exchanges and cooperation in building basic capacity for low-carbon development and formulating low-carbon development policies

secondly, in terms of carbon emissions trading. At present, China has carried out carbon emissions trading pilot projects in seven provinces and cities including Beijing, exploring experience for the establishment of a national carbon emissions trading market; Some states and cities in the United States have also established a greenhouse gas quota trading mechanism. Zhang Yong said that the preparation technology of special power/performance glass or inorganic amorphous materials such as dual light transmission or imaging; Preparation technology of functional glass such as photoelectric, piezoelectric, laser, radiation resistance, scintillator, electromagnetic and electromagnetic wave shielding; Preparation of new high-strength glass, such as loading rate, sample size, data collection mode and required experimental results; Preparation technology of biochemical functional glass of organism and fixed enzyme; New glass preparation technology of filter, optical fiber panel, optical fiber inverter, X-ray image intensifier microchannel plate; Vacuum glass and Low-E glass preparation technology can strengthen cooperation in this field

third, in terms of fiscal and financial policies. China's low-carbon pilot cities are exploring incentive mechanisms and financing support policies related to low-carbon development, while the United States has rich experience in developing green finance, and the two sides can strengthen exchanges

Zhang Yong introduced that China is in the stage of accelerating urbanization, with the urbanization level of more than 55%. Since 2012, China has launched two batches of pilot projects in 42 low-carbon provinces and regions and low-carbon cities. The population of these pilot areas accounts for about 40% of the country, and the GDP accounts for about 60% of the national total. In the future, China will further expand the low-carbon pilot to 100 cities

on the same day, the "green finance and low carbon city investment and financing" (hereinafter referred to as "investment and financing") report jointly written by the Paulson foundation, the Energy Foundation (China) and the Renewable Energy Professional Committee of the China Circular Economy Association predicted that the total investment required for the construction of low-carbon cities in China would reach 6.6 trillion yuan (about $1trillion) in the next five years, which would be used in three industries: low-carbon construction, green transportation and clean energy

"the green development strategy of a city cannot be separated from the support of green finance. As the most important emission departments of a city, transportation, construction and energy have also become the key to the green and low-carbon development of a city." Ma Jun, chief economist of the Research Bureau of the people's Bank of China and director of the green finance professional committee of the Chinese financial society, said

the "investment and financing" report is divided into three parts, focusing on three key areas - construction, transportation and clean energy, and discussing the potential of different green financial instruments, mechanisms and related policies, such as green loans, green bonds, green industry funds and carbon financing, so as to promote private capital to enter the field of low-carbon urban infrastructure

first of all, in the construction field, China needs to invest 1.65 trillion yuan (about US $254billion) during the "13th five year plan" to support the new green buildings and the large-scale energy-saving transformation of existing housing and commercial buildings

"the government has promised to improve building energy efficiency by implementing better building standards and providing public subsidies. At the same time, we see that private capital has also shown increasing interest in these projects. We are developing innovative investment and financing mechanisms for energy-saving buildings, such as the establishment of a government guarantee mechanism for green buildings in combination with the third-party rating agency system. The economic growth potential in the field of green buildings will be huge." Mo Zhengchun, author of architecture and executive director of Paulson Foundation Beijing Representative Office, analyzed

secondly, in the field of transportation, the 13th five year plan puts forward ambitious development goals for green transportation in Chinese cities. The investment in infrastructure such as urban railways, public transportation, electric vehicles, bicycles and urban roads needs about 4.45 trillion yuan (about 684.9 billion US dollars)

Wang Zhigao, the main author of the transportation chapter and director of the urban project of the Energy Foundation (China), said: "one of the challenges facing transportation project financing is that investment and operation are heavily dependent on local bonds, which leads to cities facing quite high credit risks. Financing modes such as PPP help to enrich sources of funds and ensure that more funds are invested in low-carbon transportation projects."

third, in the field of clean energy, in order to achieve the low-carbon development goal, China needs to invest 500billion yuan (about 77billion US dollars) before 2020 to develop distributed life insurance. Ping An Life Insurance launched the new fee reform product "Taiping Ying1", but it seems that it is still trapped in the strange circle of "market failure" caused by excessive administrative intervention in the micro economy, and then triggered "market failure"

"supporting the development of distributed solar photovoltaic is the most important means to promote the cleanness of urban energy industry." Peng Peng, director of policy research of the Renewable Energy Professional Committee of the China Circular Economy Association, analyzed, "in addition to distributed solar photovoltaic, we also encourage cities to explore ways to purchase green electricity from other cities, expand the market demand for clean energy, and help cities achieve their low-carbon goals."