NCSD said that the launch and implementation of the program is in keeping with the its mission in fostering sustainable development. The objectives to be demonstrated are to improve communities globally with examples of sustainable low carbon development and the sponsorship of relevant comparative studies on policy, demonstration and scale-up of investment projects.
As a cornerstone to the announcement, the organization is preparing to launch a series of studies on comparative China-US policies, as well as comparative financial market mechanisms and instruments to examine the overall cost effectiveness of meeting the enormous investment demand that will be required to approach and achieve sustainable investment in and progress for low carbon development, NCSD said.
Chen Huan, deputy director general of CDMF, said: ”China CDM Fund was created by Government of China and will act as an innovative financial and action mechanism for addressing climate change. It is an unprecedented case in the world and shows great importance to international cooperation.
“Working with global partners, the China CDM Fund Management Center will promote Chinese policies and actions on climate change in the world, and meanwhile, introduce advanced development concepts, approaches and technologies into China for its better and faster development. Jointly establishing the China-US Low Carbon Development Cooperation Program with the National Center for Sustainable Development will serve this purpose.”
Damian Valdez, president of Evolution Capital Management, one of the founding partners of the China-US Low Carbon Development Cooperation Program and a trustee of the NCSD, said: ”A collaboration between the world’s big producers of carbon emissions, China and the US, will create an environment where low carbon, clean-energy technologies and investments can thrive.
”While the Chinese and US governments, along with private investors, are pursuing all sorts of low carbon, clean-energy technologies, and financial market mechanisms, they cannot achieve separately what they could jointly with advances in low carbon, clean-energy technologies and innovative approaches to green finance, that deliver benefits for the whole world.”
