Notice: Trying to get property of non-object in /srv/www/html/sustainabledevelopment.un.org/root/content.php on line 243 JUCCCE: Increase financing options for clean energy projects .:. Sustainable Development Knowledge Platform
This voluntary initiative came from Sustainable Energy for All (SE4All)
To be determined
Open to additional Partners
Description/achievement of initiative
JUCCCE's Green Municipal Bonds initiative will increase access to electricity, energy efficiency & renewable energy generation by leveraging China's emerging muni bond market to fund green projects.
Bringing innovative green financing to cities is one of JUCCCE's major goals as we train government officials across China on how to build sustainable cities.
Green Municipal Bonds can help cities fund the rapid transition to a sustainable economy by providing lower risk investment products for large institutional investors. With the recent introduction of pilots for municipal bonds, China is now uniquely poised to open up to a trillion+ USD market to green municipal finance as a way to fund green projects. JUCCCE's ongoing mayoral training program is a unique channel to catalyze this concept with municipal authorities who are searching for financing for the sustainability initiatives.
JUCCCE will, along with its partners, make policy recommendations for continued reform for a transparent municipal bonds market. It will outline market-based opportunities to use Green Bonds to meet China's national targets for energy efficiency, emissions reductions and renewable energy generation.
By providing training through Chinese government training academies, JUCCCE will have trained and worked with 100 mayors and other government officials to leverage municipal bonds to finance green projects. Examples include energy efficiency retrofits for state owned industry, building renewable energy generation, and mass transport infrastructure.