Promoting Industrial Park Green and Low Carbon Transition Project

People’s Republic of China, 2023 – 2024

Client: Asian Development Bank

Role: Technical Assistance Team

Project Background and Objectives

The Promoting Industrial Park Green and Low Carbon Transition Project supports the People’s Republic of China’s commitment to climate change mitigation by catalyzing investment and strengthening institutional capacity for low-carbon transition in carbon-intensive industrial sectors. The project aims to mobilize financing for low-carbon investments in industrial parks while enhancing the ability of public institutions to manage and monitor climate-aligned investments.

The project is structured around two key outputs: (i) financing of low-carbon transition subprojects in industrial parks; and (ii) strengthening institutional capacity for low-carbon transition planning, implementation, and monitoring.

SIET’s Role and Services

SIET was engaged as the technical assistance consultant to support full project preparation and implementation readiness. The scope of work includes:

  • Identification and screening of representative low-carbon transition subprojects for financing
  • Technical, economic, and financial feasibility assessment of selected subprojects
  • Review of environmental and social safeguard requirements and preparation of safeguard documents
  • Design of an innovative financial intermediary loan (FIL) to support low-carbon transition investments in industrial parks
  • Development of a low-carbon transition taxonomy to guide eligible investments
  • Development of a monitoring, evaluation, reporting, and verification (MERV) system for carbon footprint management
  • Capacity development of the executing agency on project management and implementation
  • Preparation of all linked documents and supplementary documents required for the ADB Report and Recommendation of the President (RRP)

Outcomes and Value Added

The technical assistance establishes a robust financing and institutional framework to support low-carbon transition in industrial parks. SIET’s work ensures that investment selection, financing mechanisms, and monitoring systems are aligned with ADB climate finance requirements and national decarbonization objectives, enabling scalable and measurable emissions reduction outcomes.