New Partnership To Develop Green Finance And Green Services In China
What’s it all about?
Tianjin Green Supply Chain Centre (TGCC) and the Climate Bonds Initiative have announced a new Partnership after formally signing a Memorandum of Understanding (MOU) earlier in 2018.
TGCC is part of the APEC Green Supply Chain Cooperation Network, the first center to be established and endorsed in the APEC Leaders Declaration of 2014.
The Climate Bonds Initiative is the only international non-profit organization dedicated to mobilizing the largest capital market -$100 trillion bond market to combat climate change. CBI plan to invite banks, institutional investors, government agencies and other stakeholders to join as its member partners to provide them with relevant expertise and market resources and participate in their efforts to develop a strong green and climate bond market
MOU Focus on Green Finance
The new agreement will see both parties working together to support green finance developments domestically. The Climate Bonds Initiative will provide consulting services, training and work with TGCC to help develop domestic green bond issuance.
Who’s saying what?
Sean Kidney, CEO, Climate Bonds Initiative:
We welcome this partnership with TGCC and the opportunity to cooperate on green finance developments. Tianjin has a leading role in China’s efforts to address climate change issues and TGCC plays an important part in this. By working together and sharing our knowledge we can support policy innovations, new investment, encourage green growth and positive environmental and climate outcomes.
Mu Lingling, General Manager, Tianjin Green Supply Chain Service Center:
“TGCC is excited to be working together with the Climate Bonds Initiative. This announcement is another sign of our commitment to China’s green transition and to realizing the national strategic target of energy conservation and emissions reduction.
The Last Word
As a demonstration base for China to conduct international cooperation on green development and explore the development path of APEC's green investment and trade facilitation, TGCC will work closely with the CBI to promote connectivity between China and international green financial markets.
