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Building Energy Efficiency and Green Development Fund Launches First Projects
(Original source The Paulson Institute)
“The Paulson Institute joined the Office of the Central Leading Group for Financial and Economic Affairs on June 16 to witness the signing of the first letters of intent for projects to receive funding from the Building Energy Efficiency and Green Development Fund. The Paulson Institute has served as a non-commercial advisor to the fund, given its commitment to promoting more green development to reduce carbon emissions that lead to climate change, particularly in the buildings sector.
This fund, conceived in the lead up to President Xi Jinping’s 2015 visit to the United States and, most recently, announced as an important deliverable for the annual U.S.-China Strategic & Economic Dialogue, aims to provide financing to bring innovative technologies from the United States to China to help reduce building-energy emissions. As buildings account for 40% of total global carbon emissions, this U.S.-China fund aims to support China’s efforts to implement its ambitious climate change agenda. The confirmed initial capitalization is no less than 20 billion yuan ($3.05 billion.)”
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